National City Bank Provides SBA Loan to Buy Roly Poly Franchise

Borrowing money to buy a Roly Poly franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Roly Poly franchise loans are available to Geneva, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Clarendon Hills, Illinois, issued an SBA franchise loan for a Roly Poly franchise in 2002. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

ROLY POLY
GENEVA, IL 60102

SBA Loan Lender

NATIONAL CITY BANK
55TH & HOLMES
CLARENDON HILLS, IL 60514

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

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

6/24/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Roly Poly franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $50,000. How would you spend $50,000 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:

Roly Poly Rolled Sandwiches

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SBA Banks in Clarendon Hills, Illinois

Getting an SBA Loan in Illinois