Wachovia Sba Lending, Inc. Provides SBA Loan to Buy Round Table Pizza Franchise

Borrowing money to purchase a Round Table Pizza franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Round Table Pizza franchise requires some effort but others before you have been successful. In 2004, Wachovia Sba Lending, Inc. issued an SBA franchise loan to an entrepreneur in Yorba Linda, California. Because Round Table Pizza was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

ROUND TABLE PIZZA
YORBA LINDA, CA 92886

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

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

722110 - Full-Service Restaurants

Loan Approval Date

5/6/2004

Loan Approval Gross Amount

$417,000

Loan Approval from the SBA

Of the total $417,000 loan amount, the SBA guaranteed $312,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Round Table Pizza franchise. At the time of the loan, the company had 40 employees. The loan application indicated that the loan would help retain 28 existing jobs.

Next Steps for Getting an SBA Loan

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wachovia Sba Lending, Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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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