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April 28, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Aqua Pets LLC Loan | ||||
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Wheaton, Illinois Bank Loan
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Wheaton, IL Entrepreneur Gets SBA Loan to Buy Petland FranchiseNeed a loan to buy a Petland franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Petland franchise? If so, here's a 2004 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Wheaton, Illinois. SBA Loan Borrower AQUA PETS LLC SBA Loan Lender COMERICA BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453910 - Pet and Pet Supplies Stores Loan Approval Date 1/2/2004 Loan Approval Gross Amount $509,000 Loan Approval from the SBA Of the total $509,000 loan amount, the SBA guaranteed $381,750. 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 9 employees. The SBA loan documents indicated that the loan would help retain 9 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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:
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