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December 20, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Springfield, Business Loans > Illinois National Bank Springfield Business Loans > Pepperidge Farm Associates Loan | ||||
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Small Business Banks for Springfield, Illinois Small Businesses
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Illinois Entrepreneur Secures Financing to Buy Pepperidge Farms FranchiseNeed a loan to buy a Pepperidge Farms franchise? Illinois National Bank has a history of making these loans and they are guaranteed by the SBA. Pepperidge Farms 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 Pepperidge Farms franchise in 2000. We've got all the details on this Illinois small business loan. SBA Loan Borrower PEPPERIDGE FARM ASSOCIATES SBA Loan Lender ILLINOIS NATIONAL BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5199 - Nondurable Goods NAICS Code 422490 - Grocery and Related Products Wholesalers Loan Approval Date 11/29/2000 Loan Approval Gross Amount $81,500 Loan Approval from the SBA Of the total $81,500 loan amount, the SBA guaranteed $65,200. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pepperidge Farms franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 $81,500 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: How Much Venture Capital Is There? Best Banks for Small Business in Springfield, Illinois
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