Sterling Federal Bank, F.S.B. Provides SBA Loan to Buy Paul Revere's Pizza Franchise

Borrowing money to invest in a Paul Revere's Pizza franchise? Sterling Federal Bank, F.S.B. has a history of making these loans and they are guaranteed by the SBA.

Paul Revere's Pizza franchise loans are available to Camanche, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sterling Federal Bank, F.S.B., based in Clinton, Iowa, issued an SBA franchise loan for a Paul Revere's Pizza franchise in 2000. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

D & D ENTERPRISES, INC.
CAMANCHE, IA 52730

SBA Loan Lender

STERLING FEDERAL BANK, F.S.B.
247 7TH AVE SOUTH
CLINTON, IA 52732

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

5/17/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Paul Revere's Pizza franchise. At the time of the loan, the company had 34 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Paul Revere's Pizza

Obtaining Funding - How to Borrow Money

SBA 7A Lenders in Clinton, Iowa

Where to Get an SBA Loan Iowa