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March 29, 2024  
 
 
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Small Business Banks for Springfield, Illinois Small Businesses

 

 
Loan Census SBA Loan Info

Illinois Entrepreneur Secures Financing to Buy Pepperidge Farms Franchise

Need 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
SPRINGFIELD, IL 62707

SBA Loan Lender

ILLINOIS NATIONAL BANK
322 E CAPITOL AVE
SPRINGFIELD, IL 62701

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.

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