Illinois Entrepreneur Secures Financing to Buy A-1 Concrete Leveling Franchise

Need a loan to purchase an A-1 Concrete Leveling franchise? Home St. Bank/natl Association has a history of making these loans and they are guaranteed by the SBA.

A-1 Concrete Leveling franchise loans are available to Crystal Lake, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Home St. Bank/natl Association, based in Crystal Lake, Illinois, issued an SBA franchise loan for an A-1 Concrete Leveling franchise in 2003. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

A-1 CONCRETE LEVELING & FOUNDA
CRYSTAL LAKE, IL 60012

SBA Loan Lender

HOME ST. BANK/NATL ASSOCIATION
40 GRANT ST
CRYSTAL LAKE, IL 60014

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1771 - Concrete Work

NAICS Code

235420 - Drywall, Plastering, Acoustical, and Insulation Contractors

Loan Approval Date

3/10/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an A-1 Concrete Leveling franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

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

If you want money for new small business in Crystal Lake IL, you ought to talk with a local Crystal Lake SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Crystal Lake businesses.

While you may be able to find business people willing to loan money, 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.

Related Links:

Business Credit Evaluation

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Illinois SBA 7A Lenders