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May 3, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Cedar Rapids, Business Loans > Cedar Rapids Bank & Trust Cedar Rapids Business Loans > Nick-N-Willy's World Famous Ta Loan | ||||
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Cedar Rapids Bank & Trust Small Business Franchise Loan
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Marion, IA Entrepreneur Gets SBA Loan to Buy Nick-N-Willy's Pizza FranchiseBorrowing money to buy a Nick-N-Willy's Pizza franchise? Cedar Rapids Bank & Trust has a history of making these loans and they are guaranteed by the SBA. If you live near Marion, Iowa and are interested in buying a Nick-N-Willy's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Cedar Rapids Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower NICK-N-WILLY'S WORLD FAMOUS TA SBA Loan Lender CEDAR RAPIDS BANK & TRUST This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/1/2004 Loan Approval Gross Amount $126,000 Loan Approval from the SBA Of the total $126,000 loan amount, the SBA guaranteed $107,100. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Nick-N-Willy's Pizza franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $126,000 loan. Remember, fight for what you want, and it will be yours! 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: Nick-N-Willy's World Famous Take-N-Bake Pizza Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Cedar Rapids, Iowa
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