Sioux Falls, SD Entrepreneur Gets SBA Loan to Buy Nick-N-Willy's Pizza Franchise

Borrowing money to buy a Nick-N-Willy's Pizza franchise? First Premier Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Nick-N-Willy's Pizza franchise may simply require a phone call to a local SBA banker. In 2007, First Premier Bank issued an SBA franchise loan to an entrepreneur in Sioux Falls, South Dakota. Because Nick-N-Willy's Pizza was registered with the SBA's registry of franchises, this South Dakota small business loan was issued on an expedited basis.

SBA Loan Borrower

NICK-N-WILLLY'S WORLD FAMOUS T
SIOUX FALLS, SD 57106

SBA Loan Lender

FIRST PREMIER BANK
601 S MINNESOTA AVE
SIOUX FALLS, SD 57104

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/6/2007

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Nick-N-Willy's Pizza franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the funding would help create 8 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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