Fargo, ND Entrepreneur Gets SBA Loan to Buy Panchero's Mexican Grill Franchise

Borrowing money to buy a Panchero's Mexican Grill franchise? Choice Financial Group has a history of making these loans and they are guaranteed by the SBA.

If you live near Fargo, North Dakota and are interested in buying a Panchero's Mexican Grill franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Choice Financial Group. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PANCHERO'S MEXICAN GRILL
FARGO, ND 58104

SBA Loan Lender

CHOICE FINANCIAL GROUP
210 SHEYENNE ST
WEST FARGO, ND 58078

This business 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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/14/2006

Loan Approval Gross Amount

$333,000

Loan Approval from the SBA

Of the total $333,000 loan amount, the SBA guaranteed $249,750.

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 12 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

We can help you find the best banks for small businesses in Fargo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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