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May 3, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Longwood, Business Loans > Orlando National Bank Longwood Business Loans > Taylor Rental Center Loan | ||||
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SBA 7A Banks for Crystal Lake, Illinois Business Owners
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Crystal Lake, IL Entrepreneur Gets SBA Loan to Buy Taylor Rental Center FranchiseNeed money to invest in a Taylor Rental Center franchise? Orlando National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Taylor Rental Center franchise is doable. In 2007, Orlando National Bank issued an SBA franchise loan to an entrepreneur in Crystal Lake, Illinois. Because Taylor Rental Center was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis. SBA Loan Borrower TAYLOR RENTAL CENTER SBA Loan Lender ORLANDO NATIONAL BANK The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 532310 - General Rental Centers Loan Approval Date 6/14/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Taylor Rental Center franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Orlando National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Orlando National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Banks for Small Business in Longwood, Florida
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