Crystal Lake, IL Entrepreneur Gets SBA Loan to Buy Petland Franchise

Borrowing money to buy a Petland franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Crystal Lake, Illinois and are interested in buying a Petland franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PETLAND CRYSTAL LAKE
CRYSTAL LAKE, IL 60014

SBA Loan Lender

COMERICA BANK
3501 HAMLIN RD, STE 1
AUBURN HILLS, MI 48326

This commercial loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans 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.

NAICS Code

453910 - Pet and Pet Supplies Stores

Loan Approval Date

4/15/2005

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Petland franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a 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.

We can help you find the best banks for small businesses in Crystal Lake or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Petland

Family and Friend Investors - Your First Financiers

Find an SBA Lender in Auburn Hills, Michigan

SBA Participating Banks in Michigan