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December 21, 2024  
 
 
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Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Utah Entrepreneur Secures Financing to Buy Pier 49 Pizza Franchise

Need money to purchase a Pier 49 Pizza franchise? America West Bank has a history of making these loans and they are guaranteed by the SBA.

Pier 49 Pizza franchise loans are available to West Valley City, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, America West Bank, based in Layton, Utah, issued an SBA franchise loan for a Pier 49 Pizza franchise in 2002. We've got all the details on this Utah small business loan.

SBA Loan Borrower

PIER 49 SAN FRANCISCO SOURDOUG
WEST VALLEY CITY, UT 84120

SBA Loan Lender

AMERICA WEST BANK
476 W HERITAGE PARK BLVD, STE
LAYTON, UT 84041

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/9/2002

Loan Approval Gross Amount

$49,000

Loan Approval from the SBA

Of the total $49,000 loan amount, the SBA guaranteed $41,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pier 49 Pizza franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in West Valley City 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:

Equity Financing

Good Banks for Small Business in Layton, Utah

Getting an SBA Loan in Utah