SBA lending record
MGFM. LLC
2801 NICHOLSON DR, Baton Rouge, LA 70802 · Limited-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$2.0M
Total SBA financing
1
Loan on record
FY2023
On record
50
Jobs supported
Franchise brand
Checkers
See Checkers's SBA financing data — typical deal, failure rate, and how its loans perform →
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The loan
$1,963,500 — FY2023
- Gross approval
- $1,963,500
- SBA guaranteed
- $1,472,625 (75%)
- Status
- Cancelled
- Rate at approval
- 10.25% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 5/25/2023
- Collateral
- Required
- Jobs supported
- 50
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
The lender
First Commonwealth Bank
1 loan to this business- Total assets
- $12232.5B
- Deposits
- $10513.1B
- Loans outstanding
- $9336.3B
- Net income
- $39.5B
- Return on assets
- 1.28592063256917%
- Return on equity
- 10.48%
- Total equity
- $1501.7B
- Offices
- 129
- Founded
- 09/2
- Headquarters
- 654 Philadelphia St, Indiana, PA, 15701
- FDIC cert
- 7468
- Website
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with MGFM. LLC.