Elgin, IL Entrepreneur Gets SBA Loan to Buy A-1 Concrete Leveling Franchise
Borrowing money to invest in an A-1 Concrete Leveling franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near Elgin, Illinois and are interested in buying an A-1 Concrete Leveling franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Wells Fargo Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
A-1 CONCRETE LEVELING, INC.
ELGIN, IL 60123
SBA Loan Lender
WELLS FARGO BANK
90 S 7TH ST
MINNEAPOLIS, MN 55402
This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1771 - Concrete Work
NAICS Code
235710 - Concrete Contractors
Loan Approval Date
6/1/2001
Loan Approval Gross Amount
$66,500
Loan Approval from the SBA
Of the total $66,500 loan amount, the SBA guaranteed $56,525.
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 2 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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 Cash Advances
Where to Get an SBA Loan in Minneapolis, Minnesota
SBA Lenders in Minnesota