U.S. Bank National Association Provides SBA Loan to Buy Fazoli's italian Restaurant Franchise

Need money to invest in a Fazoli's italian Restaurant franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fazoli's italian Restaurant franchise shouldn't be overly burdensome. In 2002, U.S. Bank National Association issued an SBA franchise loan to an entrepreneur in Waterloo, Iowa. Because Fazoli's italian Restaurant was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

FAZOLI'S
WATERLOO, IA 50701

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

When this loan was made, the lender participated in the SBA's Certified Lenders Program (CLP). This program is designed to provide rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/31/2002

Loan Approval Gross Amount

$1,149,500

Loan Approval from the SBA

Of the total $1,149,500 loan amount, the SBA guaranteed $862,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fazoli's italian Restaurant franchise. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from U.S. Bank National Association so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Fazoli's Restaurants

Bank Credit Lines

SBA Participating Banks in Cincinnati, Ohio

Ohio SBA 7A Banks