Great Western Bank Provides SBA Loan to Buy Pizza Ranch Franchise
Borrowing money to invest in a Pizza Ranch franchise? Great Western Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Pizza Ranch franchise shouldn't be too tough. In 2000, Great Western Bank issued an SBA franchise loan to an entrepreneur in Aberdeen, South Dakota. Because Pizza Ranch was registered with the SBA's registry of franchises, this South Dakota small business loan was issued on an expedited basis.
SBA Loan Borrower
ABERDEEN, SD 57401
SBA Loan Lender
GREAT WESTERN BANK
119 6TH AVE SE
ABERDEEN, SD 57402
This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
5812 - Eating Places
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $425,000 loan amount, the SBA guaranteed $318,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Pizza Ranch franchise. At the time of the loan, the company
had 40 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you are wondering how to raise money for a company in Aberdeen SD, you ought to talk with a local Aberdeen SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Aberdeen businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Great Western 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.
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