Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Raising Money in South Charleston, West Virginia With SBA Loans

 

 
Loan Census SBA Loan Info

South Charleston, WV Entrepreneur Gets SBA Loan to Buy Pizzeria Uno's restaurant Franchise

Need money to invest in a Pizzeria Uno's restaurant franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Pizzeria Uno's restaurant franchise shouldn't be too tough. In 2000, The Huntington National Bank issued an SBA franchise loan to an entrepreneur in South Charleston, West Virginia. Because Pizzeria Uno's restaurant was registered with the SBA's registry of franchises, this West Virginia small business loan was issued on an expedited basis.

SBA Loan Borrower

PIZZERIA UNO
SOUTH CHARLESTON, WV 25309

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
900 LEE ST
CHARLESTON, WV 25301

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

8/25/2000

Loan Approval Gross Amount

$1,030,000

Loan Approval from the SBA

Of the total $1,030,000 loan amount, the SBA guaranteed $749,995.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pizzeria Uno's restaurant franchise. At the time of the loan, the company had 60 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Determining Proper Capital Structure for a Business

Small Business Banks in Charleston, West Virginia

Find an SBA Lender in West Virginia