St. Charles, MO Entrepreneur Gets SBA Loan to Buy Fortel's Pizza Den Franchise

Need a loan to invest in a Fortel's Pizza Den franchise? First National Bank - St. Louis has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fortel's Pizza Den franchise shouldn't be too tough. In 2001, First National Bank - St. Louis issued an SBA franchise loan to an entrepreneur in St. Charles, Missouri. Because Fortel's Pizza Den was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

FORTEL'S PIZZA DEN
ST. CHARLES, MO 63303

SBA Loan Lender

FIRST NATIONAL BANK - ST. LOUIS
12244 TESSON FERRY RD
SAINT LOUIS, MO 63128

This lender issued this particular debt financing 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

10/19/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fortel's Pizza Den franchise. At the time of the loan, the company had 30 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find business people willing to loan money, 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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