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April 26, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Elk Grove Village, Business Loans > First American Bank Elk Grove Village Business Loans > Curtain Exchange, LLC Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Borrow Money to Buy a Curtain Exchange Dallas the FranchiseNeed a loan to purchase a Curtain Exchange Dallas the franchise? First American Bank has a history of making these loans and they are guaranteed by the SBA. Curtain Exchange Dallas the franchise loans are available to Hinsdale, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First American Bank, based in Elk Grove Village, Illinois, issued an SBA franchise loan for a Curtain Exchange Dallas the franchise in 2003. We've got all the details on this Illinois small business loan. SBA Loan Borrower CURTAIN EXCHANGE, LLC SBA Loan Lender FIRST AMERICAN BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5023 - Homefurnishings NAICS Code 421220 - Home Furnishing Wholesalers Loan Approval Date 7/23/2003 Loan Approval Gross Amount $104,000 Loan Approval from the SBA Of the total $104,000 loan amount, the SBA guaranteed $88,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Curtain Exchange Dallas the franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $104,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Banks in Elk Grove Village, Illinois Find an SBA Lender in Illinois
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