Loan Census Banking News and Information
April 26, 2024  
 
 
  Business Loan Information  
 

Home National Bank Commercial Loans for Franchisees

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Captain Tony's Pizza Franchise

Need money to invest in a Captain Tony's Pizza franchise? Home National Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Winfield, Kansas and are interested in buying a Captain Tony's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Home National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CAPTAIN TONY'S PIZZA & PASTA E
WINFIELD, KS 67156

SBA Loan Lender

HOME NATIONAL BANK
1350 W DOOLIN
BLACKWELL, OK 74631

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/9/2004

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Captain Tony's Pizza franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Captain Tonys Pizza

Getting a Small Business Loan

SBA Participating Banks in Blackwell, Oklahoma

Getting a Business Loan in Oklahoma