Des Moines, IA Entrepreneur Gets SBA Loan to Buy Sarpino's Pizzeria Franchise

Borrowing money to buy a Sarpino's Pizzeria franchise? Community State Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sarpino's Pizzeria franchise may simply require a phone call to a local SBA banker. In 2004, Community State Bank issued an SBA franchise loan to an entrepreneur in Des Moines, Iowa. Because Sarpino's Pizzeria was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

SARPINOS
DES MOINES, IA 50309

SBA Loan Lender

COMMUNITY STATE BANK
612 ARMY POST RD
DES MOINES, IA 50315

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/3/2004

Loan Approval Gross Amount

$155,500

Loan Approval from the SBA

Of the total $155,500 loan amount, the SBA guaranteed $116,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sarpino's Pizzeria franchise. At the time of the loan, the company had 26 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

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 $155,500 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.

Related Links:

Sarpinos Pizzeria International Inc.

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