Prescott, AZ Entrepreneur Gets SBA Loan to Buy Papa Murphy's Take & Bake Pizza Franchise

Need a loan to invest in a Papa Murphy's Take & Bake Pizza franchise? Irwin Franchise Cap. Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Papa Murphy's Take & Bake Pizza franchise requires some effort but others before you have been successful. In 2006, Irwin Franchise Cap. Corp issued an SBA franchise loan to an entrepreneur in Prescott, Arizona. Because Papa Murphy's Take & Bake Pizza was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.

SBA Loan Borrower

PAPA MURPHY'S TAKE AND BAKE PI
PRESCOTT, AZ 88301

SBA Loan Lender

IRWIN FRANCHISE CAP. CORP
10 PARAGON DR
MONTVALE, NJ 07645

This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/25/2006

Loan Approval Gross Amount

$247,500

Loan Approval from the SBA

Of the total $247,500 loan amount, the SBA guaranteed $123,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Papa Murphy's Take & Bake Pizza franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Determining Proper Capital Structure for a Business

Best Banks for Small Business in Montvale, New Jersey

Browse All Business Loan Sources for New Jersey