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May 5, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Antioch, Business Loans > State Bank Of The Lakes Antioch Business Loans > The Gauntt Company Loan | ||||
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State Bank Of The Lakes Commercial Loans for Franchisees
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Illinois Entrepreneur Secures Financing to Buy Petland FranchiseNeed a loan to buy a Petland franchise? State Bank Of The Lakes has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Crystal Lake, Illinois needed money to invest in a Petland franchise back in 2001. State Bank Of The Lakes issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower THE GAUNTT COMPANY SBA Loan Lender STATE BANK OF THE LAKES The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453910 - Pet and Pet Supplies Stores Loan Approval Date 5/23/2001 Loan Approval Gross Amount $285,000 Loan Approval from the SBA Of the total $285,000 loan amount, the SBA guaranteed $213,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Petland franchise. At the time of the loan, the company had 34 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money This SBA loan was for $285,000. How would you spend $285,000 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: Advice on Getting a Small Business Loan Where to Get an SBA Loan in Antioch, Illinois Getting an SBA Loan in Illinois
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