Homer Glen Township, IL Entrepreneur Gets SBA Loan to Buy Pepe's Tacos Franchise

Borrowing money to buy a Pepe's Tacos franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Homer Glen Township, Illinois and are interested in buying a Pepe's Tacos franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Fifth Third Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PEPE'S RESTAURANT
HOMER GLEN TOWNSHIP, IL 60441

SBA Loan Lender

FIFTH THIRD BANK
111 LYON ST NW
GRAND RAPIDS, MI 49503

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/2/2004

Loan Approval Gross Amount

$1,850,000

Loan Approval from the SBA

Of the total $1,850,000 loan amount, the SBA guaranteed $1,387,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pepe's Tacos franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help create 30 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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