Chicago Community Bank Provides SBA Loan to Buy Burger King Franchise

Need money to invest in a Burger King franchise? Chicago Community Bank has a history of making these loans and they are guaranteed by the SBA.

Burger King franchise loans are available to Bolingbrook, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Chicago Community Bank, based in Chicago, Illinois, issued an SBA franchise loan for a Burger King franchise in 2006. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

BURGER KING
BOLINGBROOK, IL 60440

SBA Loan Lender

CHICAGO COMMUNITY BANK
1110 W 35TH ST
CHICAGO, IL 60609

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/16/2006

Loan Approval Gross Amount

$1,100,000

Loan Approval from the SBA

Of the total $1,100,000 loan amount, the SBA guaranteed $825,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Burger King franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Bolingbrook IL, you ought to talk with a local Bolingbrook SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bolingbrook businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Chicago Community Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Burger King Corporation

Bank Credit Lines

SBA 7A Banks for Chicago, Illinois Loans

SBA Illinois Banks