Athens, IL Entrepreneur Gets SBA Loan to Buy Car-X Muffler Shop Franchise

Need a loan to invest in a Car-X Muffler Shop franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Car-X Muffler Shop franchise? If so, here's a 2004 SBA franchise loan that you should know about. National City Bank was the lender and the entrepreneur was based in Athens, Illinois.

SBA Loan Borrower

MCCORMICK SERVICES, INC.
Athens, IL 62613

SBA Loan Lender

NATIONAL CITY BANK
2595 WAUKEGAN RD
BANNOCKBURN, IL 60015

This business 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

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Athens IL, you ought to talk with a local Athens SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Athens businesses.

We can help you find the best banks for small businesses in Athens 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:

CarX Muffler & Brake

Advice on Getting a Small Business Loan

Best Banks for Small Business in Bannockburn, Illinois

SBA Participating Banks in Illinois