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May 22, 2024  
 
 
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Loans to Buy a Franchise in Alabama

 

 
Loan Census SBA Loan Info

Loan to Buy Buck's Pizza Franchise Issued By Colonial Bank

Borrowing money to purchase a Buck's Pizza franchise? Colonial Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Buck's Pizza franchise? If so, here's a 2002 SBA franchise loan that you should know about. Colonial Bank was the lender and the entrepreneur was based in Mobile, Alabama.

SBA Loan Borrower

BUCK'S PIZZA
MOBILE, AL 36695

SBA Loan Lender

COLONIAL BANK
41 WEST 1-65 SERVICE RD N, #1
MOBILE, AL 36608

This bank loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/16/2002

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Buck's Pizza franchise. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Buck's Pizza Franchising Corporation

Financing Your Business

SBA 7A Banks in Mobile, Alabama

Alabama SBA 7A Banks