Borrow Money to Buy a Taco John's Franchise

Need a loan to invest in a Taco John's franchise? Bank - Bridger has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Taco John's franchise may simply require a phone call to a local SBA banker. In 2003, Bank - Bridger issued an SBA franchise loan to an entrepreneur in Powell, Wyoming. Because Taco John's was registered with the SBA's registry of franchises, this Wyoming small business loan was issued on an expedited basis.

SBA Loan Borrower

TACO JOHN'S
POWELL, WY 82435

SBA Loan Lender

BANK - BRIDGER
101 S MAIN ST
BRIDGER, MT 59014

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/24/2003

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 an existing business. This loan was used to buy a Taco John's franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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

Microlending as a Small Business Funding Source

SBA 7A Banks in Bridger, Montana

SBA Lenders in Montana