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May 9, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Creve Coeur, Business Loans > First Bank Creve Coeur Business Loans > Sport Clips Loan | ||||
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How Much Does It Cost to Buy a Franchise in North Aurora, Illinois?
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Illinois Entrepreneur Secures Financing to Buy Sports Clips FranchiseNeed money to invest in a Sports Clips franchise? First Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in North Aurora, Illinois needed money to invest in a Sports Clips franchise back in 2007. First Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower SPORT CLIPS SBA Loan Lender FIRST BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812111 - Barber Shops Loan Approval Date 1/18/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 17 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. This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Best Creve Coeur, Missouri Banks for Small Business SBA Participating Banks in Missouri
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