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May 4, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Cedar Rapids, Business Loans > Cedar Rapids Bank & Trust Cedar Rapids Business Loans > Nick-N-Willy's Take & Bake Piz Loan | ||||
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Iowa Small Business Funding for Franchises
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Iowa Entrepreneur Secures Financing to Buy Nick-N-Willy's Pizza FranchiseBorrowing money to purchase a Nick-N-Willy's Pizza franchise? Cedar Rapids Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in North Liberty, Iowa needed money to invest in a Nick-N-Willy's Pizza franchise back in 2005. Cedar Rapids Bank & Trust issued an SBA franchise loan. Here are the details on this Iowa small business loan. SBA Loan Borrower NICK-N-WILLY'S TAKE & BAKE PIZ SBA Loan Lender CEDAR RAPIDS BANK & TRUST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/8/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Nick-N-Willy's Pizza franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cedar Rapids Bank & Trust and they will explain how you can get an SBA loan for your company. 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: Nick-N-Willy's World Famous Take-N-Bake Pizza Obtaining Funding - Friends and Family SBA Approved Banks in Cedar Rapids, Iowa
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