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December 19, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Mount Vernon, Business Loans > Peoples National Bank Mount Vernon Business Loans > New Group, Inc. Loan | ||||
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Herrin, Illinois Bank for SBA Loans
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Borrow Money to Buy a Taco John's FranchiseNeed money to invest in a Taco John's franchise? Peoples National Bank has a history of making these loans and they are guaranteed by the SBA. Taco John's franchise loans are available to Herrin, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Peoples National Bank, based in Mount Vernon, Illinois, issued an SBA franchise loan for a Taco John's franchise in 2000. We've got all the details on this Illinois small business loan. SBA Loan Borrower NEW GROUP, INC. SBA Loan Lender PEOPLES NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/31/2000 Loan Approval Gross Amount $230,330 Loan Approval from the SBA Of the total $230,330 loan amount, the SBA guaranteed $172,748. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Taco John's franchise. At the time of the loan, the company had 150 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Peoples National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Participating Banks in Mount Vernon, Illinois
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