There Is No New York - It's Br, NY Entrepreneur Gets SBA Loan to Buy Papa John's Pizza Franchise

Need money to purchase a Papa John's Pizza franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

If you live near There Is No New York - It's Br, New York and are interested in buying a Papa John's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Pnc Bank, National Association. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PAPA JOHN'S PIZZA
THERE IS NO NEW YORK - IT'S BR, NY 11212

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/8/2006

Loan Approval Gross Amount

$1,670,000

Loan Approval from the SBA

Of the total $1,670,000 loan amount, the SBA guaranteed $1,252,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Papa John's Pizza franchise. At the time of the loan, the company had 70 employees. The loan application indicated that the loan would help generate 7 new jobs and retain 77 existing jobs.

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,670,000 loan. Remember, things become real when you believe you can achieve them!

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:

Papa John's International

Bank Credit Lines

SBA Banks in Pittsburgh, Pennsylvania

Where to Get an SBA Loan Pennsylvania