Evansville, IN Entrepreneur Gets SBA Loan to Buy Sonitrol Security Systems Franchise

Need money to invest in a Sonitrol Security Systems franchise? 1st National Bank - Carmi has a history of making these loans and they are guaranteed by the SBA.

Sonitrol Security Systems franchise loans are available to Evansville, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st National Bank - Carmi, based in Carmi, Illinois, issued an SBA franchise loan for a Sonitrol Security Systems franchise in 2004. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

SONITROL OF EVANSVILLE, INC.
EVANSVILLE, IN 47708

SBA Loan Lender

1ST NATIONAL BANK - CARMI
201 E MAIN ST
CARMI, IL 62821

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7382 - Security Systems Services

NAICS Code

561621 - Security Systems Services

Loan Approval Date

4/29/2004

Loan Approval Gross Amount

$1,600,000

Loan Approval from the SBA

Of the total $1,600,000 loan amount, the SBA guaranteed $1,200,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sonitrol Security Systems franchise. At the time of the loan, the company had 37 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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:

Sonitrol Corporation

Angel Investors

SBA Banks in Carmi, Illinois

Getting an SBA Loan in Illinois