Loan to Buy Taco Tico Franchise Issued By 1st Cap. Bank - Kentucky

Need money to buy a Taco Tico franchise? 1st Cap. Bank - Kentucky has a history of making these loans and they are guaranteed by the SBA.

If you live near Louisville, Kentucky and are interested in buying a Taco Tico franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by 1st Cap. Bank - Kentucky. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

TACO TICO
LOUISVILLE, KY 40216

SBA Loan Lender

1ST CAP. BANK - KENTUCKY
293 N HUBBARDS LN
LOUISVILLE, KY 40207

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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/16/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Taco Tico franchise. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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 $150,000. How would you spend $150,000 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.

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