Whitney, TX Entrepreneur Gets SBA Loan to Buy Pizza Inn Franchise

Need money to invest in a Pizza Inn franchise? First National Bank In Whitney has a history of making these loans and they are guaranteed by the SBA.

Pizza Inn franchise loans are available to Whitney, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank In Whitney, based in Whitney, Texas, issued an SBA franchise loan for a Pizza Inn franchise in 2004. We've got all the details on this Texas small business loan.

SBA Loan Borrower

PIZZA INN
WHITNEY, TX 76692

SBA Loan Lender

FIRST NATIONAL BANK IN WHITNEY
307 N BRAZOS
WHITNEY, TX 76692

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

5/24/2004

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 Pizza Inn franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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

Related Links:

Pizza Inn, Inc.

Accountant's Role in Securing Financing

SBA Approved Banks in Whitney, Texas

Getting a Business Loan in Texas