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April 25, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Buffalo Grove, Business Loans > American Enterprise Bank Buffalo Grove Business Loans > Chabal Corporation Loan | ||||
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Tips for Financing a Franchise
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Borrow Money to Buy a Phillips 66 FranchiseNeed money to buy a Phillips 66 franchise? American Enterprise Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Phillips 66 franchise is doable. In 2007, American Enterprise Bank issued an SBA franchise loan to an entrepreneur in Indianapolis, Indiana. Because Phillips 66 was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis. SBA Loan Borrower CHABAL CORPORATION SBA Loan Lender AMERICAN ENTERPRISE BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 1/4/2007 Loan Approval Gross Amount $828,500 Loan Approval from the SBA Of the total $828,500 loan amount, the SBA guaranteed $621,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Phillips 66 franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like American Enterprise Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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: Banking Deregulation's Effects on Entrepreneurship SBA Participating Banks in Buffalo Grove, Illinois
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