Sisters, OR Entrepreneur Gets SBA Loan to Buy Figaro's Italian Pizza Franchise

Need a loan to buy a Figaro's Italian Pizza franchise? Bank Of The Cascades has a history of making these loans and they are guaranteed by the SBA.

Figaro's Italian Pizza franchise loans are available to Sisters, Oregon entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of The Cascades, based in Bend, Oregon, issued an SBA franchise loan for a Figaro's Italian Pizza franchise in 2004. We've got all the details on this Oregon small business loan.

SBA Loan Borrower

FIGARO'S ITALIAN KITCHEN
SISTERS, OR 97759

SBA Loan Lender

BANK OF THE CASCADES
1100 NW WALL ST
BEND, OR 97701

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/29/2004

Loan Approval Gross Amount

$93,000

Loan Approval from the SBA

Of the total $93,000 loan amount, the SBA guaranteed $46,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Figaro's Italian Pizza franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Figaro's Italian Pizza, Inc.

A Company That Helps Entrepreneurs

SBA Participating Banks in Bend, Oregon

Oregon SBA Banks