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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Manhattan Beach, Business Loans > Beach Business Bank Manhattan Beach Business Loans > Stuft Pizza Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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California Entrepreneur Secures Financing to Buy Stuft Pizza FranchiseNeed a loan to invest in a Stuft Pizza franchise? Beach Business Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Manhattan Beach, California and are interested in buying a Stuft Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Beach Business Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower STUFT PIZZA SBA Loan Lender BEACH BUSINESS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/30/2005 Loan Approval Gross Amount $246,400 Loan Approval from the SBA Of the total $246,400 loan amount, the SBA guaranteed $184,800. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Stuft Pizza franchise. At the time of the loan, the company had 18 employees. The SBA loan documents indicated that the loan would help retain 18 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Realistic Debt Financing Options SBA Approved Banks in Manhattan Beach, California
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