Borrow Money to Buy a Nick-N-Willy's Pizza Franchise

Need a loan to purchase a Nick-N-Willy's Pizza franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

Nick-N-Willy's Pizza franchise loans are available to Waukesha, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Stearns Bank, based in Saint Cloud, Minnesota, issued an SBA franchise loan for a Nick-N-Willy's Pizza franchise in 2004. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

NICK-N-WILLY'S WORLD FAMOUS TA
WAUKESHA, WI 53186

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

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

722211 - Limited-Service Restaurants

Loan Approval Date

8/25/2004

Loan Approval Gross Amount

$176,200

Loan Approval from the SBA

Of the total $176,200 loan amount, the SBA guaranteed $132,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Nick-N-Willy's Pizza franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the funding would help create 10 new jobs.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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

Related Links:

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Good Banks for Small Business in Saint Cloud, Minnesota

Where to Get an SBA Loan Minnesota