Iowa Entrepreneur Secures Financing to Buy Taco John's Franchise

Borrowing money to invest in a Taco John's franchise? First Central State Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Taco John's franchise shouldn't be too tough. In 2006, First Central State Bank issued an SBA franchise loan to an entrepreneur in Eldridge, Iowa. Because Taco John's was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

EASTERN IOWA T.J., L.C.
ELDRIDGE, IA 52748

SBA Loan Lender

FIRST CENTRAL STATE BANK
100 S 4TH AVE, STE 100
ELDRIDGE, IA 52748

This loan for a small business 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

5/31/2006

Loan Approval Gross Amount

$810,000

Loan Approval from the SBA

Of the total $810,000 loan amount, the SBA guaranteed $607,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Taco John's franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $810,000. How would you spend $810,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Taco John's International

SBIR Funding

Best Banks for Small Business in Eldridge, Iowa

SBA Lenders in Iowa