Northwest Bank & Trust Company Provides SBA Loan to Buy Panchero's Mexican Grill Franchise

Need a loan to buy a Panchero's Mexican Grill franchise? Northwest Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Panchero's Mexican Grill franchise? If so, here's a 2004 SBA franchise loan that you should know about. Northwest Bank & Trust Company was the lender and the entrepreneur was based in Bettendorf, Iowa.

SBA Loan Borrower

PANCHERO'S MEXICAN GRILL
BETTENDORF, IA 52722

SBA Loan Lender

NORTHWEST BANK & TRUST COMPANY
100 E KIMBERLY
DAVENPORT, IA 52806

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/18/2004

Loan Approval Gross Amount

$611,300

Loan Approval from the SBA

Of the total $611,300 loan amount, the SBA guaranteed $458,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Panchero's Mexican Grill franchise. At the time of the loan, the company had 30 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 $611,300 loan. Remember, if it to be, it is up to me!

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:

Panchero's Mexican Grill

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Davenport, Iowa

SBA Iowa Banks