New Mexico Entrepreneur Secures Financing to Buy Papa Murphy's Take & Bake Pizza Franchise

Need a loan to invest in a Papa Murphy's Take & Bake Pizza franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Clovis, New Mexico needed money to invest in a Papa Murphy's Take & Bake Pizza franchise back in 2005. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this New Mexico small business loan.

SBA Loan Borrower

PAPA MURPHYS
CLOVIS, NM 88101

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/13/2005

Loan Approval Gross Amount

$220,200

Loan Approval from the SBA

Of the total $220,200 loan amount, the SBA guaranteed $165,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Papa Murphy's Take & Bake Pizza franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the funding would help create 6 new jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $220,200 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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