Shiloh, IL Entrepreneur Gets SBA Loan to Buy Johnny Rockets Franchise

Borrowing money to invest in a Johnny Rockets franchise? Community First Bank has a history of making these loans and they are guaranteed by the SBA.

Johnny Rockets franchise loans are available to Shiloh, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community First Bank, based in Fairview Heights, Illinois, issued an SBA franchise loan for a Johnny Rockets franchise in 2003. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

D.4J.R., INC.
SHILOH, IL 62269

SBA Loan Lender

COMMUNITY FIRST BANK
4600 N ILLINOIS ST
FAIRVIEW HEIGHTS, IL 62208

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

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

5/2/2003

Loan Approval Gross Amount

$201,600

Loan Approval from the SBA

Of the total $201,600 loan amount, the SBA guaranteed $151,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Johnny Rockets franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $201,600 loan. Remember, if it to be, it is up to me!

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:

Angel Investors

SBA 7A Lenders in Fairview Heights, Illinois

Illinois SBA Bank Lenders