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April 24, 2024  
 
 
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Business Lenders, LLC Provides SBA Loan to Buy Cici's Pizza Franchise

Borrowing money to purchase a Cici's Pizza franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Plainfield, Illinois needed money to invest in a Cici's Pizza franchise back in 2005. Business Lenders, LLC issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

CICI'S PIZZA
PLAINFIELD, IL 60544

SBA Loan Lender

BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103

This lender provides SBA loans 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

722211 - Limited-Service Restaurants

Loan Approval Date

10/7/2005

Loan Approval Gross Amount

$432,400

Loan Approval from the SBA

Of the total $432,400 loan amount, the SBA guaranteed $324,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help generate 19 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours 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.

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