Montana Entrepreneur Secures Financing to Buy Johnny Carino's Country Italian Rest Franchise

Borrowing money to buy a Johnny Carino's Country Italian Rest franchise? Mountain W. Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Johnny Carino's Country Italian Rest franchise requires some effort but others before you have been successful. In 2002, Mountain W. Bank issued an SBA franchise loan to an entrepreneur in Bozeman, Montana. Because Johnny Carino's Country Italian Rest was registered with the SBA's registry of franchises, this Montana small business loan was issued on an expedited basis.

SBA Loan Borrower

JOHNNY CARINOS COUNTRY ITALIAN
BOZEMAN, MT 59718

SBA Loan Lender

MOUNTAIN W. BANK
1960 N 19TH AVE
BOZEMAN, MT 59715

When this loan was made, this lending institution was part of 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

722110 - Full-Service Restaurants

Loan Approval Date

1/24/2002

Loan Approval Gross Amount

$575,000

Loan Approval from the SBA

Of the total $575,000 loan amount, the SBA guaranteed $431,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Johnny Carino's Country Italian Rest franchise. At the time of the loan, the company had 145 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mountain W. Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Advice on Getting a Small Business Loan

Small Bank Loans in Bozeman, Montana

SBA Participating Banks in Montana