Borrow Money to Buy a Boston The Gourmet Pizza Franchise

Borrowing money to purchase a Boston The Gourmet Pizza franchise? Old National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Boston The Gourmet Pizza franchise? If so, here's a 2005 SBA franchise loan that you should know about. Old National Bank was the lender and the entrepreneur was based in Terre Haute, Indiana.

SBA Loan Borrower

BOSTON GOURMET PIZZA
TERRE HAUTE, IN 47802

SBA Loan Lender

OLD NATIONAL BANK
701 WABASH AVE
TERRE HAUTE, IN 47808

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started 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

7/20/2005

Loan Approval Gross Amount

$419,000

Loan Approval from the SBA

Of the total $419,000 loan amount, the SBA guaranteed $314,250.

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 60 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

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 Old National 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

Dealing With Venture Capitalists

SBA 7A Lenders in Terre Haute, Indiana

Indiana SBA Banks