Loan Census Banking News and Information
November 14, 2024  
 
 
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Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Illinois Entrepreneur Secures Financing to Buy Grand Rental Station Franchise

Need a loan to invest in a Grand Rental Station franchise? Associated Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Edwardsville, Illinois and are interested in buying a Grand Rental Station franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Associated Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

GDF GROUP, LLC D/B/A GRAND RENTAL STATION
Edwardsville, IL 62025

SBA Loan Lender

ASSOCIATED BANK
200 N ADAMS ST
GREEN BAY, WI 54301

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532310 - General Rental Centers

Loan Approval Date

3/30/2007

Loan Approval Gross Amount

$625,800

Loan Approval from the SBA

Of the total $625,800 loan amount, the SBA guaranteed $469,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Grand Rental Station franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We've showcased information on this loan to let you know that businesses like yours 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.

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