Borrow Money to Buy a Boston The Gourmet Pizza Franchise

Need money to buy a Boston The Gourmet Pizza franchise? Southern Comm. Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Tampa, Florida and are interested in buying a Boston The Gourmet Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Southern Comm. Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BOSTON'S THE GOURMET PIZZA
TAMPA, FL 33634

SBA Loan Lender

SOUTHERN COMM. BANK
5650 BRECKENRIDGE PARK DR, ST
TAMPA, FL 33610

This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/5/2005

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $546,997.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Boston The Gourmet Pizza franchise. At the time of the loan, the company had 110 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Southern Comm. Bank and they will explain how you can get an SBA loan for your company.

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:

Boston's The Gourmet Pizza

Business Incubators

Who Lends Money to Small Businesses in Tampa, Florida

Florida SBA Bank Lenders