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April 26, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Sioux City, Business Loans > Vantus Bank Sioux City Business Loans > Little Ceasars Pizza Loan | ||||
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Loans to Buy a Franchise in Nebraska
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Nebraska Entrepreneur Secures Financing to Buy Little Ceasar's Pizza FranchiseNeed money to buy a Little Ceasar's Pizza franchise? Vantus Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Little Ceasar's Pizza franchise? If so, here's a 2006 SBA franchise loan that you should know about. Vantus Bank was the lender and the entrepreneur was based in South Sioux City, Nebraska. SBA Loan Borrower LITTLE CEASARS PIZZA SBA Loan Lender VANTUS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/23/2006 Loan Approval Gross Amount $263,000 Loan Approval from the SBA Of the total $263,000 loan amount, the SBA guaranteed $131,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Little Ceasar's Pizza franchise. At the time of the loan, the company had 16 employees. The SBA loan documents indicated that the loan would help generate 16 new jobs and retain 16 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Vantus Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Best Sioux City, Iowa Banks for Small Business
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