Loan to Buy Pizza Ranch Franchise Issued By North American State Bank

Borrowing money to invest in a Pizza Ranch franchise? North American State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Slayton, Minnesota needed money to invest in a Pizza Ranch franchise back in 2004. North American State Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

SLAYTON PIZZA RANCH
SLAYTON, MN 56172

SBA Loan Lender

NORTH AMERICAN STATE BANK
321 WASHBURN AVE
BELGRADE, MN 56312

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/30/2004

Loan Approval Gross Amount

$19,000

Loan Approval from the SBA

Of the total $19,000 loan amount, the SBA guaranteed $16,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pizza Ranch franchise. At the time of the loan, the company had 18 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

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

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

We've showcased information on this loan to let you know that businesses like yours 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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