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May 1, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Heritage Bank Of Commerce San Jose Business Loans > Papa Murphy's Take And Bake Pi Loan | ||||
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Requirements for Getting a Franchise Loan
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Heritage Bank Of Commerce Provides SBA Loan to Buy Papa Murphy's Take & Bake Pizza FranchiseBorrowing money to purchase a Papa Murphy's Take & Bake Pizza franchise? Heritage Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in San Juan Bautista, California needed money to invest in a Papa Murphy's Take & Bake Pizza franchise back in 2000. Heritage Bank Of Commerce issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower PAPA MURPHY'S TAKE AND BAKE PI SBA Loan Lender HERITAGE BANK OF COMMERCE 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. SIC Code 5812 - Eating Places Loan Approval Date 6/13/2000 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 48 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 68 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: The Friends and Family Network Best Banks for Small Business in San Jose, California
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