Loan to Buy Mountain Mike's Pizza Franchise Issued By Innovative Bank

Borrowing money to invest in a Mountain Mike's Pizza franchise? Innovative Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mountain Mike's Pizza franchise shouldn't be overly burdensome. In 2000, Innovative Bank issued an SBA franchise loan to an entrepreneur in Roseville, California. Because Mountain Mike's Pizza was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

MOUNTAIN MIKE'S PIZZA
ROSEVILLE, CA 95678

SBA Loan Lender

INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

6/30/2000

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mountain Mike's Pizza franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the borrowed money would help generate 118 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Innovative Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Mountain Mike's Pizza

Choosing VC Firms

Best Banks in Oakland, California

California SBA Bank Lenders