Godfrey, IL Entrepreneur Gets SBA Loan to Buy Krieger's Sports Bar & Grill Franchise

Borrowing money to purchase a Krieger's Sports Bar & Grill franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Krieger's Sports Bar & Grill franchise is doable. In 2005, U.S. Bank National Association issued an SBA franchise loan to an entrepreneur in Godfrey, Illinois. Because Krieger's Sports Bar & Grill was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

KRIEGER'S YOUR HOMETOWN SPORTS
GODFREY, IL 62035

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/22/2005

Loan Approval Gross Amount

$283,500

Loan Approval from the SBA

Of the total $283,500 loan amount, the SBA guaranteed $212,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Krieger's Sports Bar & Grill franchise. At the time of the loan, the company had 110 employees. The SBA loan application for the borrower indicated that the loan would help generate 50 new jobs and retain 60 existing jobs.

Next Steps for Getting an SBA Loan

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like U.S. Bank National Association and they will explain how you can get an SBA loan for your company.

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:

Krieger's Your Hometown Sports Grill

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Find an SBA Lender in Cincinnati, Ohio

SBA Participating Banks in Ohio