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March 28, 2024  
 
 
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I Need an SBA 7A Loan to Buy a Franchise in Quincy, California

 

 
Loan Census SBA Loan Info

California Entrepreneur Secures Financing to Buy Pizza Factory Franchise

Need a loan to invest in a Pizza Factory franchise? Plumas Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Quincy, California needed money to invest in a Pizza Factory franchise back in 2004. Plumas Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

PIZZA FACTORY
QUINCY, CA 95971

SBA Loan Lender

PLUMAS BANK
255 MAIN ST
CHESTER, CA 96020

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

722211 - Limited-Service Restaurants

Loan Approval Date

11/4/2004

Loan Approval Gross Amount

$73,000

Loan Approval from the SBA

Of the total $73,000 loan amount, the SBA guaranteed $62,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pizza Factory franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 $73,000 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:

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SBA Approved Banks in Chester, California

California SBA 7A Banks