Keybank National Association Provides SBA Loan to Buy Papa John's Pizza Franchise

Borrowing money to purchase a Papa John's Pizza franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lancaster, Ohio needed money to invest in a Papa John's Pizza franchise back in 2002. Keybank National Association issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

PAPA JOHN'S PIZZA
LANCASTER, OH 43130

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/16/2002

Loan Approval Gross Amount

$179,400

Loan Approval from the SBA

Of the total $179,400 loan amount, the SBA guaranteed $134,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Papa John's Pizza franchise. At the time of the loan, the company had 13 employees. The loan application indicated that the loan would help generate 14 new jobs and retain 13 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Keybank National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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