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April 25, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Richmond, Business Loans > First Market Bank, Fsb Richmond Business Loans > Cici's Pizza Loan | ||||
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Business Loans for Fredericksburg Businesses
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First Market Bank, Fsb Provides SBA Loan to Buy Cici's Pizza FranchiseNeed money to buy a Cici's Pizza franchise? First Market Bank, Fsb has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Cici's Pizza franchise? If so, here's a 2004 SBA franchise loan that you should know about. First Market Bank, Fsb was the lender and the entrepreneur was based in Fredericksburg, Virginia. SBA Loan Borrower CICI'S PIZZA SBA Loan Lender FIRST MARKET BANK, FSB This SBA 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 6/21/2004 Loan Approval Gross Amount $265,000 Loan Approval from the SBA Of the total $265,000 loan amount, the SBA guaranteed $198,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had 50 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 $265,000 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: Dealing With Venture Capitalists SBA 7A Banks in Richmond, Virginia
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