Alabama Entrepreneur Secures Financing to Buy Indigo Joe's Sport Pub & Restaurant Franchise

Borrowing money to invest in an Indigo Joe's Sport Pub & Restaurant franchise? North Jackson Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Indigo Joe's Sport Pub & Restaurant franchise requires some effort but others before you have been successful. In 2006, North Jackson Bank issued an SBA franchise loan to an entrepreneur in Madison, Alabama. Because Indigo Joe's Sport Pub & Restaurant was registered with the SBA's registry of franchises, this Alabama small business loan was issued on an expedited basis.

SBA Loan Borrower

INDIGO JOE'S NORTHERN, AL
MADISON, AL 35758

SBA Loan Lender

NORTH JACKSON BANK
43243 US HWY 72
STEVENSON, AL 35772

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/7/2006

Loan Approval Gross Amount

$760,000

Loan Approval from the SBA

Of the total $760,000 loan amount, the SBA guaranteed $570,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Indigo Joe's Sport Pub & Restaurant franchise. At the time of the loan, the company had 70 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This SBA loan was for $760,000. How would you spend $760,000 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.

Related Links:

Indigos Franchising

Indigo Joe's Pub & Restaurant

Famous Venture Capitalists

Small Business Banks in Stevenson, Alabama

SBA Lenders in Alabama