 |
 |
May 3, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Idaho Business Loan Sources > Twin Falls, Business Loans > Magic Valley Bank A Division - Twin Falls Business Loans > Bartlik's Villa Pizza Loan | ||||
 |
||||
Raising Money in Twin Falls, Idaho With SBA Loans
|
||||
 |
Loan to Buy Villa Pizza Franchise Issued By Magic Valley Bank A Division -Need money to purchase a Villa Pizza franchise? Magic Valley Bank A Division - has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Villa Pizza franchise? If so, here's a 2003 SBA franchise loan that you should know about. Magic Valley Bank A Division - was the lender and the entrepreneur was based in Twin Falls, Idaho. SBA Loan Borrower BARTLIK'S VILLA PIZZA SBA Loan Lender MAGIC VALLEY BANK A DIVISION - SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/25/2003 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Villa Pizza franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA Banks in Twin Falls, Idaho
|
|
||
|
||||
|
|
||||