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May 10, 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 > Sports Clip Loan | ||||
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Illinois Small Business Funding for Franchises
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Oak Brook, IL Entrepreneur Gets SBA Loan to Buy Sports Clips FranchiseNeed money to purchase a Sports Clips franchise? First Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Sports Clips franchise? If so, here's a 2007 SBA franchise loan that you should know about. First Bank was the lender and the entrepreneur was based in Oak Brook, Illinois. SBA Loan Borrower SPORTS CLIP SBA Loan Lender FIRST BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 812112 - Beauty Salons Loan Approval Date 6/29/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in Oak Brook or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Determining Proper Capital Structure for a Business Best Creve Coeur, Missouri Banks for Small Business
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