Loan to Buy Papa Murphy's Take & Bake Pizza Franchise Issued By Americana Community Bank

Borrowing money to buy a Papa Murphy's Take & Bake Pizza franchise? Americana Community Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Wayzata, Minnesota needed money to invest in a Papa Murphy's Take & Bake Pizza franchise back in 2001. Americana Community Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

PAPA MURPHY'S
WAYZATA, MN 55391

SBA Loan Lender

AMERICANA COMMUNITY BANK
300 MAIN ST WEST
SLEEPY EYE, MN 56085

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/19/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Papa Murphy's Take & Bake Pizza franchise. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Wayzata MN, you ought to talk with a local Wayzata SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wayzata businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? 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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