Visalia, CA Entrepreneur Gets SBA Loan to Buy Pizza Factory Franchise

Borrowing money to invest in a Pizza Factory franchise? Visalia Community Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Visalia, California needed money to invest in a Pizza Factory franchise back in 2006. Visalia Community Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

JAMES AND STEPHANIE REED DBA: J & S PIZZA
VISALIA, CA 93277

SBA Loan Lender

VISALIA COMMUNITY BANK
120 N FLORAL ST
VISALIA, CA 93291

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/14/2006

Loan Approval Gross Amount

$170,000

Loan Approval from the SBA

Of the total $170,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pizza Factory franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help retain 15 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Visalia Community Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Pizza Factory

Obtaining Funding - Getting Venture Capital

Small Business Banks in Visalia, California

Getting an SBA Loan in California