Illinois Entrepreneur Secures Financing to Buy Chicago's Pizza Of Greenfield Franchise

Borrowing money to buy a Chicago's Pizza Of Greenfield franchise? Shorebank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Chicago's Pizza Of Greenfield franchise? If so, here's a 2003 SBA franchise loan that you should know about. Shorebank was the lender and the entrepreneur was based in Auora, Illinois.

SBA Loan Borrower

CHICAGO STREET PIZZA
AUORA, IL 60506

SBA Loan Lender

SHOREBANK
219 S MANNHEIM RD
BELLWOOD, IL 60104

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/5/2003

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 Chicago's Pizza Of Greenfield franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Auora IL, you ought to talk with a local Auora SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Auora businesses.

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:

Dealing With Venture Capitalists

Find an SBA Lender in Bellwood, Illinois

SBA Participating Banks in Illinois