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December 19, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Brookfield, Business Loans > Ridgestone Bank Brookfield Business Loans > 1524 Inc Loan | ||||
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Requirements for Borrowing Money to Buy a Franchise
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Borrow Money to Buy a Citgo Service Station FranchiseBorrowing money to invest in a Citgo Service Station franchise? Ridgestone Bank has a history of making these loans and they are guaranteed by the SBA. Citgo Service Station franchise loans are available to Chicago Heights, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ridgestone Bank, based in Brookfield, Wisconsin, issued an SBA franchise loan for a Citgo Service Station franchise in 2007. We've got all the details on this Illinois small business loan. SBA Loan Borrower 1524 INC SBA Loan Lender RIDGESTONE BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 7/19/2007 Loan Approval Gross Amount $1,377,000 Loan Approval from the SBA Of the total $1,377,000 loan amount, the SBA guaranteed $1,032,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Citgo Service Station franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Ridgestone Bank and they will explain how you can get an SBA loan for your company. 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: Find an SBA Lender in Brookfield, Wisconsin SBA Participating Banks in Wisconsin
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