Silver City, NM Entrepreneur Gets SBA Loan to Buy Papa John's Pizza Franchise

Borrowing money to purchase a Papa John's Pizza franchise? Ambank has a history of making these loans and they are guaranteed by the SBA.

Papa John's Pizza franchise loans are available to Silver City, New Mexico entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ambank, based in Silver City, New Mexico, issued an SBA franchise loan for a Papa John's Pizza franchise in 2003. We've got all the details on this New Mexico small business loan.

SBA Loan Borrower

TEXACO STAR MART/PAPA JOHNS
SILVER CITY, NM 88061

SBA Loan Lender

AMBANK
1609 N SWAN ST
SILVER CITY, NM 88061

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

5/1/2003

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Papa John's Pizza franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Ambank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Papa John's International

Raising Venture Capital

Best Banks for Small Business in Silver City, New Mexico

New Mexico SBA Bank Lenders