Loan to Buy Perkins Restaurants Franchise Issued By Temecula Valley Bank

Need a loan to invest in a Perkins Restaurants franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Sioux City, Iowa needed money to invest in a Perkins Restaurants franchise back in 2007. Temecula Valley Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

PERKINS RESTAURANT
SIOUX CITY, IA 51106

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/16/2007

Loan Approval Gross Amount

$1,961,400

Loan Approval from the SBA

Of the total $1,961,400 loan amount, the SBA guaranteed $1,471,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Perkins Restaurants franchise. At the time of the loan, the company had 50 employees. The SBA loan documents indicated that the loan would help retain 50 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 $1,961,400 loan. Remember, where there is a will, there is a way!

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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