First National Bank - Danville Provides SBA Loan to Buy Renaissance Realty Franchise

Borrowing money to purchase a Renaissance Realty franchise? First National Bank - Danville has a history of making these loans and they are guaranteed by the SBA.

Renaissance Realty franchise loans are available to Danville, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank - Danville, based in Danville, Illinois, issued an SBA franchise loan for a Renaissance Realty franchise in 2007. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

RENAISSANCE REALTY OF DANVILLE
DANVILLE, IL 61832

SBA Loan Lender

FIRST NATIONAL BANK - DANVILLE
ONE TOWNE CENTRE
DANVILLE, IL 61832

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

532210 - Consumer Electronics and Appliances Rental

Loan Approval Date

2/2/2007

Loan Approval Gross Amount

$61,000

Loan Approval from the SBA

Of the total $61,000 loan amount, the SBA guaranteed $30,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Renaissance Realty franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 15 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

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SBA 7A Banks for Danville, Illinois Loans

Illinois SBA 7A Lenders