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May 1, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Ankeny, Business Loans > Community St. Bank Ankeny Business Loans > Pizza Ranch Loan | ||||
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Community St. Bank Small Business Franchise Loan
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Borrow Money to Buy a Pizza Ranch FranchiseBorrowing money to invest in a Pizza Ranch franchise? Community St. Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Pizza Ranch franchise is doable. In 2006, Community St. Bank issued an SBA franchise loan to an entrepreneur in Altoona, Iowa. Because Pizza Ranch was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis. SBA Loan Borrower PIZZA RANCH SBA Loan Lender COMMUNITY ST. BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/8/2006 Loan Approval Gross Amount $285,000 Loan Approval from the SBA Of the total $285,000 loan amount, the SBA guaranteed $213,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pizza Ranch franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: How Much Venture Capital Is There? Best Ankeny, Iowa Banks for Small Business Browse All Business Loan Sources for Iowa
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