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April 20, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Moundridge, Business Loans > The Citizens State Bank Moundridge Business Loans > Little Ceasar's Loan | ||||
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Wichita, Kansas Bank Loan
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Wichita, KS Entrepreneur Gets SBA Loan to Buy Little Ceasar's Pizza FranchiseNeed a loan to invest in a Little Ceasar's Pizza franchise? The Citizens State Bank has a history of making these loans and they are guaranteed by the SBA. Little Ceasar's Pizza franchise loans are available to Wichita, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Citizens State Bank, based in Moundridge, Kansas, issued an SBA franchise loan for a Little Ceasar's Pizza franchise in 2005. We've got all the details on this Kansas small business loan. SBA Loan Borrower LITTLE CEASAR'S SBA Loan Lender THE CITIZENS STATE BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/6/2005 Loan Approval Gross Amount $116,000 Loan Approval from the SBA Of the total $116,000 loan amount, the SBA guaranteed $98,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Little Ceasar's Pizza franchise. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. 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 The Citizens State 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: Borrowing Money from Friends and Family Where to Get an SBA Loan in Moundridge, Kansas Getting a Business Loan in Kansas
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