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May 4, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Bloomington, Business Loans > Heartland Bank & Trust Bloomington Business Loans > Fuzziwig's Candy Factory Loan | ||||
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Business Loans for Peoria Entrepreneurs
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Loan to Buy Fuzziwig's Candy Factory Franchise Issued By Heartland Bank & TrustBorrowing money to purchase a Fuzziwig's Candy Factory franchise? Heartland Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Fuzziwig's Candy Factory franchise loans are available to Peoria, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Heartland Bank & Trust, based in Bloomington, Illinois, issued an SBA franchise loan for a Fuzziwig's Candy Factory franchise in 2006. We've got all the details on this Illinois small business loan. SBA Loan Borrower FUZZIWIG'S CANDY FACTORY SBA Loan Lender HEARTLAND BANK & TRUST When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program is designed to offer speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2064 - Candy and Other Confectionery Products NAICS Code 311330 - Confectionery Manufacturing from Purchased Chocolate Loan Approval Date 3/15/2006 Loan Approval Gross Amount $138,300 Loan Approval from the SBA Of the total $138,300 loan amount, the SBA guaranteed $117,555. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Fuzziwig's Candy Factory franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Determining Proper Capital Structure for a Business Banks in Bloomington, Illinois
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