Automobile Driving Schools Business Loans

With these business loans for automobile driving schools, the SBA guarantees the lender that the loan will be repaid. This automobile driving schools loan for $8,000 was given to an Illinois entrepreneur in 2005.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Rbs Citizens, out of Cleveland, Ohio. The loan was granted and they received $8,000 to help grow their Aurora, Illinois business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOBILE DRIVING SCHOOLS
AURORA, IL 60504

SBA Loan Lender

RBS CITIZENS
1215 SUPERIOR AVE
CLEVELAND, OH 44114

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

611692 - Automobile Driving Schools

Loan Approval Date

1/4/2005

Loan Approval Gross Amount

$8,000

Loan Approval from the SBA

Of the total $8,000 loan amount, the SBA guaranteed $4,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

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

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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