Tracy, CA Entrepreneur Gets SBA Loan to Buy Nypd Restaurant Franchise

Need money to buy a Nypd Restaurant franchise? Innovative Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Nypd Restaurant franchise? If so, here's a 2006 SBA franchise loan that you should know about. Innovative Bank was the lender and the entrepreneur was based in Tracy, California.

SBA Loan Borrower

NYPD PIZZA
TRACY, CA 95377

SBA Loan Lender

INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/15/2006

Loan Approval Gross Amount

$245,000

Loan Approval from the SBA

Of the total $245,000 loan amount, the SBA guaranteed $183,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Nypd Restaurant franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the funding would help generate 72 new jobs.

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.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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.

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