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May 2, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Chicago, Business Loans > North Community Bank Chicago Business Loans > Wireless Toyz Loan | ||||
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Good Banks for Chicago Small Business Owners
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Illinois Entrepreneur Secures Financing to Buy Wireless FranchiseNeed money to purchase a Wireless franchise? North Community Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Chicago, Illinois needed money to invest in a Wireless franchise back in 2002. North Community Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower WIRELESS TOYZ SBA Loan Lender NORTH COMMUNITY BANK 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 4812 - Radiotelephone Communications NAICS Code 513322 - Cellular and Wireless Loan Approval Date 7/16/2002 Loan Approval Gross Amount $94,000 Loan Approval from the SBA Of the total $94,000 loan amount, the SBA guaranteed $79,900. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Wireless franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Realistic Debt Financing Options SBA Approved Banks in Chicago, Illinois Where to Get an SBA Loan Illinois
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