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April 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Lubbock, Business Loans > American State Bank Lubbock Business Loans > Cici's Pizza Loan | ||||
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How to Get SBA Loans in Lubbock, Texas
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Lubbock, TX Entrepreneur Gets SBA Loan to Buy Cici's Pizza FranchiseNeed money to purchase a Cici's Pizza franchise? American State Bank 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 2002 SBA franchise loan that you should know about. American State Bank was the lender and the entrepreneur was based in Lubbock, Texas. SBA Loan Borrower CICI'S PIZZA SBA Loan Lender AMERICAN STATE BANK This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/18/2002 Loan Approval Gross Amount $149,800 Loan Approval from the SBA Of the total $149,800 loan amount, the SBA guaranteed $112,350. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had 32 employees. The SBA loan documents indicated that the loan would help retain 32 existing jobs. Next Steps for Getting an SBA Loan 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. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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:
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