Borrow Money to Buy a Fortel's Pizza Den Franchise

Need money to purchase a Fortel's Pizza Den franchise? First National Bank - St. Louis has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fortel's Pizza Den franchise is doable. In 2003, First National Bank - St. Louis issued an SBA franchise loan to an entrepreneur in Fairview Heights, Illinois. Because Fortel's Pizza Den was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

SOUTHERN ILLINOIS PIZZA, L.L.C
FAIRVIEW HEIGHTS, IL 62208

SBA Loan Lender

FIRST NATIONAL BANK - ST. LOUIS
12244 TESSON FERRY RD
SAINT LOUIS, MO 63128

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.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/21/2003

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fortel's Pizza Den franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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