Loan Census Banking News and Information
April 18, 2024  
 
 
  Business Loan Information  
 

Innovative Bank SBA 7A Franchise Loans

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Round Table Pizza Franchise

Borrowing money to buy a Round Table Pizza franchise? Innovative Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in San Carlos, California needed money to invest in a Round Table Pizza franchise back in 2001. Innovative Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

THE GO'S PIZZA INC
SAN CARLOS, CA 94070

SBA Loan Lender

INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612

This lender provides SBA debt financing 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

722110 - Full-Service Restaurants

Loan Approval Date

11/16/2001

Loan Approval Gross Amount

$810,000

Loan Approval from the SBA

Of the total $810,000 loan amount, the SBA guaranteed $607,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Round Table Pizza franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Round Table Pizza

Banking Deregulation's Effects on Entrepreneurship

Who Lends Money to Small Businesses in Oakland, California

SBA Participating Banks in California