Spruce, MI Entrepreneur Gets SBA Loan to Buy Pizzeria Uno's restaurant Franchise

Need a loan to buy a Pizzeria Uno's restaurant franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA.

Pizzeria Uno's restaurant franchise loans are available to Spruce, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citizens Bank, based in Flint, Michigan, issued an SBA franchise loan for a Pizzeria Uno's restaurant franchise in 2005. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

UNO CHICAGO GRILL
SPRUCE, MI 48762

SBA Loan Lender

CITIZENS BANK
328 S SAGINAW ST
FLINT, MI 48502

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/29/2005

Loan Approval Gross Amount

$413,700

Loan Approval from the SBA

Of the total $413,700 loan amount, the SBA guaranteed $310,275.

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 only one employee. This SBA loan request indicated that the loan would help generate 135 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Citizens Bank 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.

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