Borrow Money to Buy a Sarpino's Pizzeria Franchise

Borrowing money to purchase a Sarpino's Pizzeria franchise? Clarke County State Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near West Des Moines, Iowa and are interested in buying a Sarpino's Pizzeria franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Clarke County State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SARPINO'S PIZZERIA
WEST DES MOINES, IA 50265

SBA Loan Lender

CLARKE COUNTY STATE BANK
139 S MAIN ST
OSCEOLA, IA 50213

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/8/2003

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sarpino's Pizzeria franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must 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.

We can help you find the best banks for small businesses in West Des Moines or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Sarpinos Pizzeria International Inc.

Business Line of Credit

SBA 7A Banks for Osceola, Iowa Loans

Iowa SBA Banks