Loan to Buy Bellacino's Pizza Franchise Issued By Cit Small Business Lending Corp

Need a loan to invest in a Bellacino's Pizza franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Bellacino's Pizza franchise loans are available to Winter Haven, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Bellacino's Pizza franchise in 2006. We've got all the details on this Florida small business loan.

SBA Loan Borrower

BELLACINO'S
WINTER HAVEN, FL 33881

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

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

3/16/2006

Loan Approval Gross Amount

$307,800

Loan Approval from the SBA

Of the total $307,800 loan amount, the SBA guaranteed $230,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bellacino's Pizza franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the borrowed money would help generate 20 new jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $307,800 loan. Remember, if it to be, it is up to me!

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:

Bellacino's Pizza and Grinders

Attracting Investors

SBA Participating Banks in Livingston, New Jersey

New Jersey SBA 7A Lenders