St. Bank & Trust Provides SBA Loan to Buy East Of Chicago Pizza Franchise

Borrowing money to invest in an East Of Chicago Pizza franchise? St. Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Van Wert, Ohio needed money to invest in an East Of Chicago Pizza franchise back in 2006. St. Bank & Trust issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

EAST OF CHICAGO PIZZA
VAN WERT, OH 45891

SBA Loan Lender

ST. BANK & TRUST
401 CLINTON ST
DEFIANCE, OH 43512

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/27/2006

Loan Approval Gross Amount

$213,128

Loan Approval from the SBA

Of the total $213,128 loan amount, the SBA guaranteed $159,846.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an East Of Chicago Pizza franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into St. Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

East of Chicago Pizza Company

Startup Funding Tip

SBA 7A Banks for Defiance, Ohio Loans

Ohio SBA 7A Banks