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April 24, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Troy, Business Loans > Lasalle Bank Midwest Troy Business Loans > Organic Way Corp. D/b/a Naturalawn Of Amer Loan | ||||
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I Need a Business Loan to Buy a Franchise in Woodstock, Illinois
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Woodstock, IL Entrepreneur Gets SBA Loan to Buy Naturalawn FranchiseBorrowing money to purchase a Naturalawn franchise? Lasalle Bank Midwest has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Naturalawn franchise may simply require a phone call to a local SBA banker. In 2007, Lasalle Bank Midwest issued an SBA franchise loan to an entrepreneur in Woodstock, Illinois. Because Naturalawn was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis. SBA Loan Borrower ORGANIC WAY CORP. D/B/A NATURALAWN OF AMER SBA Loan Lender LASALLE BANK MIDWEST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 561730 - Landscaping Services Loan Approval Date 9/7/2007 Loan Approval Gross Amount $143,000 Loan Approval from the SBA Of the total $143,000 loan amount, the SBA guaranteed $71,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Naturalawn franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $143,000 loan. Remember, anyone can do it... so why not 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: SBA Approved Banks in Troy, Michigan
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