Loan Census Banking News and Information
April 26, 2024  
 
 
  Business Loan Information  
 

Requirements for Getting a Franchise Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy an Oggi's Pizza & Brewing Company Franchise

Borrowing money to purchase an Oggi's Pizza & Brewing Company franchise? City National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Oggi's Pizza & Brewing Company franchise? If so, here's a 2003 SBA franchise loan that you should know about. City National Bank was the lender and the entrepreneur was based in Mission Viejo, California.

SBA Loan Borrower

OGGI'S PIZZA & BREWING COMPANY
MISSION VIEJO, CA 92691

SBA Loan Lender

CITY NATIONAL BANK
606 S OLIVE ST
LOS ANGELES, CA 90014

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/22/2003

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Oggi's Pizza & Brewing Company franchise. At the time of the loan, the company had 48 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like City National Bank and they will explain how you can get an SBA loan for your company.

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:

Raising VC Money for Social Networking Companies

SBA Banks in Los Angeles, California

California SBA Banks