San Jose National Bank A Division Provides SBA Loan to Buy Mountain Mike's Pizza Franchise

Borrowing money to purchase a Mountain Mike's Pizza franchise? San Jose National Bank A Division has a history of making these loans and they are guaranteed by the SBA.

If you live near Watsonville, California and are interested in buying a Mountain Mike's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by San Jose National Bank A Division. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MOUNTAIN MIKE'S PIZZA
WATSONVILLE, CA 95076

SBA Loan Lender

SAN JOSE NATIONAL BANK A DIVISION
1 N MARKET ST
SAN JOSE, CA 95113

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/3/2001

Loan Approval Gross Amount

$340,000

Loan Approval from the SBA

Of the total $340,000 loan amount, the SBA guaranteed $255,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mountain Mike's Pizza franchise. At the time of the loan, the company had 17 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 17 existing jobs.

Getting an SBA Loan For Your Business

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Mountain Mike's Pizza

Investor Turnoffs

Best San Jose, California Banks for Small Business

California SBA 7A Lenders