Carol Stream, IL Entrepreneur Gets SBA Loan to Buy Merlin's Muffler Franchise

Need a loan to purchase a Merlin's Muffler franchise? Amcore Bank has a history of making these loans and they are guaranteed by the SBA.

Merlin's Muffler franchise loans are available to Carol Stream, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Amcore Bank, based in Rockford, Illinois, issued an SBA franchise loan for a Merlin's Muffler franchise in 2002. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

CAROL STREAM MERLIN'S MUFFLER
CAROL STREAM, IL 60188

SBA Loan Lender

AMCORE BANK
501 SEVENTH ST
ROCKFORD, IL 61104

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811112 - Automotive Exhaust System Repair

Loan Approval Date

3/28/2002

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Carol Stream IL, you ought to talk with a local Carol Stream SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Carol Stream businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Merlin Muffler & Brake

Role of Business Plan When Raising Money

SBA 7A Banks for Rockford, Illinois Loans

Illinois SBA Banks