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December 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Bannockburn, Business Loans > National City Bank Bannockburn Business Loans > Mccormick Services, Inc. Loan | ||||
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SBA 7A Banks for Athens Business Owners
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Athens, IL Entrepreneur Gets SBA Loan to Buy Car-X Muffler Shop FranchiseNeed a loan to purchase a Car-X Muffler Shop franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Athens, Illinois needed money to invest in a Car-X Muffler Shop franchise back in 2004. National City Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower MCCORMICK SERVICES, INC. SBA Loan Lender NATIONAL CITY BANK This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 811111 - General Automotive Repair Loan Approval Date 9/3/2004 Loan Approval Gross Amount $138,500 Loan Approval from the SBA Of the total $138,500 loan amount, the SBA guaranteed $69,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Car-X Muffler Shop franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Where to Get an SBA Loan in Bannockburn, Illinois SBA Participating Banks in Illinois
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