Borrow Money to Buy a Color Me Mine Franchising, Inc Franchise

Need a loan to buy a Color Me Mine Franchising, Inc franchise? First American Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Glenview, Illinois and are interested in buying a Color Me Mine Franchising, Inc franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by First American Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

WESTENFELDER, LLC
GLENVIEW, IL 60026

SBA Loan Lender

FIRST AMERICAN BANK
261 S WESTERN AVE, SPRING HIL
CARPENTERSVILLE, IL 60110

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

327111 - Plumbing Fixtures, China and Earthenware Bathroom Accessories

Loan Approval Date

10/24/2006

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Color Me Mine Franchising, Inc franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Glenview IL, you ought to talk with a local Glenview SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Glenview businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First American Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Color Me Mine Enterprises

Understanding Dilution

Small Bank Loans in Carpentersville, Illinois

Illinois SBA 7A Banks