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April 28, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Carpentersville, Business Loans > First American Bank Carpentersville Business Loans > Color Me Mine Naperville, LLC Loan | ||||
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First American Bank Franchise Business Loans
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Illinois Entrepreneur Secures Financing to Buy Color Me Mine Franchising, Inc FranchiseNeed a loan to purchase a Color Me Mine Franchising, Inc franchise? First American Bank has a history of making these loans and they are guaranteed by the SBA. Color Me Mine Franchising, Inc franchise loans are available to Naperville, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First American Bank, based in Carpentersville, Illinois, issued an SBA franchise loan for a Color Me Mine Franchising, Inc franchise in 2006. We've got all the details on this Illinois small business loan. SBA Loan Borrower COLOR ME MINE NAPERVILLE, LLC SBA Loan Lender FIRST AMERICAN BANK The lender provided this commercial 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 327111 - Plumbing Fixtures, China and Earthenware Bathroom Accessories Loan Approval Date 10/24/2006 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Color Me Mine Franchising, Inc franchise. At the time of the loan, the company had no employees. The loan application indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA 7A Banks in Carpentersville, Illinois
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