Illinois Entrepreneur Secures Financing to Buy Worldwide Express Franchise

Need money to buy a Worldwide Express franchise? Harris National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Worldwide Express franchise is doable. In 2003, Harris National Association issued an SBA franchise loan to an entrepreneur in Barrington, Illinois. Because Worldwide Express was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

SHAMROCK OVERNIGHT SERVICES,LL
BARRINGTON, IL 60010

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
122 W MAIN ST
CARY, IL 60013

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

492110 - Couriers and Express Delivery Services

Loan Approval Date

10/16/2003

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Worldwide Express franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 $250,000 loan. Remember, where there is a will, there is a way!

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:

Worldwide Express

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SBA 7A Banks for Cary, Illinois Loans

SBA Illinois Lenders