Borrow Money to Buy a Mr. Jim's Pizza Franchise

Need money to purchase a Mr. Jim's Pizza franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mr. Jim's Pizza franchise shouldn't be too tough. In 2006, United Central Bank issued an SBA franchise loan to an entrepreneur in Royse City, Texas. Because Mr. Jim's Pizza was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

MR. JIM'S PIZZA #116
ROYSE CITY, TX 75189

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

This lender provides SBA bank 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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/21/2006

Loan Approval Gross Amount

$190,600

Loan Approval from the SBA

Of the total $190,600 loan amount, the SBA guaranteed $142,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Jim's Pizza franchise. At the time of the loan, the company had 19 employees. The loan application indicated that the loan would help retain 19 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from United Central Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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