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May 19, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Mk Edwards, LLC Loan | ||||
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SBA Lenders for Darien Businesses
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Small Business Loan Source LLC Provides SBA Loan to Buy Cici's Pizza FranchiseNeed money to invest in a Cici's Pizza franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Cici's Pizza franchise shouldn't be too tough. In 2007, Small Business Loan Source LLC issued an SBA franchise loan to an entrepreneur in Darien, Illinois. Because Cici's Pizza was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis. SBA Loan Borrower MK EDWARDS, LLC SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 722110 - Full-Service Restaurants Loan Approval Date 10/14/2007 Loan Approval Gross Amount $52,000 Loan Approval from the SBA Of the total $52,000 loan amount, the SBA guaranteed $26,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had 29 employees. The SBA loan application for the borrower indicated that the loan would help retain 29 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $52,000 loan. Remember, anyone can do it... so why not 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: How Much Venture Capital Is There? Good Banks for Small Business in Houston, Texas
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