Hoffman Estates, IL Entrepreneur Gets SBA Loan to Buy Curves For Women Franchise

Need money to buy a Curves For Women franchise? Tcf National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Curves For Women franchise requires some effort but others before you have been successful. In 2004, Tcf National Bank issued an SBA franchise loan to an entrepreneur in Hoffman Estates, Illinois. Because Curves For Women was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

NATIONAL CHANGES, INC.
HOFFMAN ESTATES, IL 60194

SBA Loan Lender

TCF NATIONAL BANK
3330 W 66TH ST
EDINA, MN 55435

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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.

NAICS Code

812191 - Diet and Weight Reducing Centers

Loan Approval Date

1/7/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

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

If you are working on finding money to start a business in Hoffman Estates IL, you ought to talk with a local Hoffman Estates SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hoffman Estates businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Tcf National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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