Shorebank Provides SBA Loan to Buy Pearle Vision Center Franchise

Borrowing money to purchase a Pearle Vision Center franchise? Shorebank has a history of making these loans and they are guaranteed by the SBA.

Pearle Vision Center franchise loans are available to Cresthill, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Shorebank, based in Chicago, Illinois, issued an SBA franchise loan for a Pearle Vision Center franchise in 2000. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

PEARLE VISION
CRESTHILL, IL 60435

SBA Loan Lender

SHOREBANK
7054 S JEFFREY AVE
CHICAGO, IL 60649

This SBA loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5995 - Optical Goods Stores

NAICS Code

446130 - Optical Goods Stores

Loan Approval Date

6/2/2000

Loan Approval Gross Amount

$228,257

Loan Approval from the SBA

Of the total $228,257 loan amount, the SBA guaranteed $171,193.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pearle Vision Center franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds 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.

This SBA loan was for $228,257. How would you spend $228,257 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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