 |
 |
December 21, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Illinois Business Loan Sources > Woodstock, Business Loans > Amer Commun Bank & Tr Woodstock Business Loans > Curves Crystal Lake East Loan | ||||
 |
||||
How to Get SBA Loans in Crystal Lake, Illinois
|
||||
 |
Crystal Lake, IL Entrepreneur Gets SBA Loan to Buy Curves For Women FranchiseNeed a loan to buy a Curves For Women franchise? Amer Commun Bank & Tr has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Crystal Lake, Illinois needed money to invest in a Curves For Women franchise back in 2005. Amer Commun Bank & Tr issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower CURVES CRYSTAL LAKE EAST SBA Loan Lender AMER COMMUN BANK & TR This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 7/25/2005 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 a Curves For Women franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Amer Commun Bank & Tr that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA Approved Banks in Woodstock, Illinois
|
|
||
|
||||
|
|
||||