Illinois National Bank Provides SBA Loan to Buy Papa Murphy's Take & Bake Pizza Franchise

Need money to invest in a Papa Murphy's Take & Bake Pizza franchise? Illinois National Bank has a history of making these loans and they are guaranteed by the SBA.

Papa Murphy's Take & Bake Pizza franchise loans are available to Springfield, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Illinois National Bank, based in Springfield, Illinois, issued an SBA franchise loan for a Papa Murphy's Take & Bake Pizza franchise in 2000. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

C. G. VENTURES, INC.
SPRINGFIELD, IL 62704

SBA Loan Lender

ILLINOIS NATIONAL BANK
322 E CAPITOL AVE
SPRINGFIELD, IL 62701

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

7/24/2000

Loan Approval Gross Amount

$126,000

Loan Approval from the SBA

Of the total $126,000 loan amount, the SBA guaranteed $94,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Papa Murphy's Take & Bake Pizza franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $126,000. How would you spend $126,000 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.

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