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May 2, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Monona, Business Loans > Monona State Bank Monona Business Loans > Taco Johns Loan | ||||
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Business Loans for Madison Small Businesses
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Madison, WI Entrepreneur Gets SBA Loan to Buy Taco John's FranchiseNeed money to invest in a Taco John's franchise? Monona State Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Madison, Wisconsin and are interested in buying a Taco John's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Monona State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower TACO JOHNS SBA Loan Lender MONONA STATE BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. 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 1/26/2007 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. This SBA loan request did not indicate that the company promised 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? Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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:
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