Beverly Bank & Trust National A Provides SBA Loan to Buy Pr Store the Franchise

Need a loan to purchase a Pr Store the franchise? Beverly Bank & Trust National A has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Chicago, Illinois needed money to invest in a Pr Store the franchise back in 2007. Beverly Bank & Trust National A issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

THE PR STORE
CHICAGO, IL 60643

SBA Loan Lender

BEVERLY BANK & TRUST NATIONAL A
10258 S WESTERN AVE
CHICAGO, IL 60643

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541820 - Public Relations Agencies

Loan Approval Date

1/22/2007

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pr Store the franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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Illinois SBA Banks