Loan Census Banking News and Information
May 19, 2024  
 
 
  Business Loan Information  
 

I Need a Small Business Loan to Buy a Franchise in Christiansburg, Virginia

 

 
Loan Census SBA Loan Info

First National Bank Provides SBA Loan to Buy Domino's Pizza Franchise

Need money to buy a Domino's Pizza franchise? First National Bank has a history of making these loans and they are guaranteed by the SBA.

Domino's Pizza franchise loans are available to Christiansburg, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank, based in Christiansburg, Virginia, issued an SBA franchise loan for a Domino's Pizza franchise in 2003. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

DOMINO'S PIZZA
CHRISTIANSBURG, VA 24073

SBA Loan Lender

FIRST NATIONAL BANK
105 ARBOR DR
CHRISTIANSBURG, VA 24073

This business loan 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.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/16/2003

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company had 62 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Domino's Pizza

Direct Public Offerings

Small Business Banks in Christiansburg, Virginia

Getting an SBA Loan in Virginia