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April 25, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Merlin Muffler & Brake Loan | ||||
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Raising Money in Cary, Illinois With SBA Loans
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Cary, IL Entrepreneur Gets SBA Loan to Buy Merlin's Muffler FranchiseBorrowing money to purchase a Merlin's Muffler franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Cary, Illinois needed money to invest in a Merlin's Muffler franchise back in 2003. Business Lenders, LLC issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower MERLIN MUFFLER & BRAKE SBA Loan Lender BUSINESS LENDERS, LLC 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 811112 - Automotive Exhaust System Repair Loan Approval Date 7/8/2003 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Merlin's Muffler franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! 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: Banks in Hartford, Connecticut Find an SBA Lender in Connecticut
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