Guthrie Center, IA Entrepreneur Gets SBA Loan to Buy Breadeaux Pizza Franchise

Need a loan to buy a Breadeaux Pizza franchise? Guthrie County State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Guthrie Center, Iowa needed money to invest in a Breadeaux Pizza franchise back in 2004. Guthrie County State Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

BREADEAUX PIZZA
GUTHRIE CENTER, IA 50115

SBA Loan Lender

GUTHRIE COUNTY STATE BANK
400 STATE ST
GUTHRIE CENTER, IA 50115

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/12/2004

Loan Approval Gross Amount

$85,100

Loan Approval from the SBA

Of the total $85,100 loan amount, the SBA guaranteed $72,335.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Breadeaux Pizza franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $85,100 loan. Remember, feel the fear, and do it anyway.

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:

Breadeaux Pizza

Accountant's Role in Securing Financing

SBA 7A Banks for Guthrie Center, Iowa Loans

Getting a Business Loan in Iowa