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April 24, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minneapolis, Business Loans > Northeast Bank Minneapolis Business Loans > Broadway Pizza Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Minnesota Entrepreneur Secures Financing to Buy Broadway Pizza FranchiseNeed a loan to purchase a Broadway Pizza franchise? Northeast Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Broadway Pizza franchise is doable. In 2007, Northeast Bank issued an SBA franchise loan to an entrepreneur in Plymouth, Minnesota. Because Broadway Pizza was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis. SBA Loan Borrower BROADWAY PIZZA SBA Loan Lender NORTHEAST BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 7/25/2007 Loan Approval Gross Amount $463,000 Loan Approval from the SBA Of the total $463,000 loan amount, the SBA guaranteed $347,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Broadway Pizza franchise. At the time of the loan, the company had 22 employees. The SBA loan application for the borrower indicated that the borrowed money would help generate 22 new jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $463,000. How would you spend $463,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Good Banks for Small Business in Minneapolis, Minnesota Getting a Business Loan in Minnesota
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