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April 29, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Fairview Heights, Business Loans > Community First Bank Fairview Heights Business Loans > Johnny Rockets Loan | ||||
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Where Can I Find Franchise Loans in Shiloh, Illinois?
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Shiloh, IL Entrepreneur Gets SBA Loan to Buy Johnny Rockets FranchiseBorrowing 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. An entrepreneur in Shiloh, Illinois needed money to invest in a Johnny Rockets franchise back in 2005. Community First Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower JOHNNY ROCKETS SBA Loan Lender COMMUNITY FIRST BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/25/2005 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $56,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Johnny Rockets franchise. At the time of the loan, the company had 42 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $75,000. How would you spend $75,000 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. Related Links: Where to Get an SBA Loan in Fairview Heights, Illinois
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