Murray, NE Entrepreneur Gets SBA Loan to Buy Taco John's Franchise

Need money to purchase a Taco John's franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Taco John's franchise loans are available to Murray, Nebraska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Minneapolis, Minnesota, issued an SBA franchise loan for a Taco John's franchise in 2003. We've got all the details on this Nebraska small business loan.

SBA Loan Borrower

TARVER, INC.
MURRAY, NE 68409

SBA Loan Lender

WELLS FARGO BANK
90 S 7TH ST
MINNEAPOLIS, MN 55402

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/30/2003

Loan Approval Gross Amount

$488,000

Loan Approval from the SBA

Of the total $488,000 loan amount, the SBA guaranteed $366,000.

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 38 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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.

Related Links:

Taco John's International

Strategic Investors

Best Minneapolis, Minnesota Banks for Small Business

Browse All Business Loan Sources for Minnesota