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December 22, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Montgomery, Business Loans > Regions Bank Montgomery Business Loans > Sonny's Pizza Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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Regions Bank Provides SBA Loan to Buy Sonny's Pizza FranchiseNeed money to purchase a Sonny's Pizza franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA. Sonny's Pizza franchise loans are available to Zachary, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Regions Bank, based in Montgomery, Alabama, issued an SBA franchise loan for a Sonny's Pizza franchise in 2003. We've got all the details on this Louisiana small business loan. SBA Loan Borrower SONNY'S PIZZA SBA Loan Lender REGIONS BANK This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/8/2003 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $89,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sonny's Pizza franchise. At the time of the loan, the company had 13 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Zachary 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: Best Montgomery, Alabama Banks for Small Business
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