Homer Glen, IL Entrepreneur Gets SBA Loan to Buy Aurelio's Pizza Franchise

Need money to buy an Aurelio's Pizza franchise? Great Lakes Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Aurelio's Pizza franchise shouldn't be overly burdensome. In 2007, Great Lakes Bank issued an SBA franchise loan to an entrepreneur in Homer Glen, Illinois. Because Aurelio's Pizza was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

AURELIO'S PIZZA
HOMER GLEN, IL 60491

SBA Loan Lender

GREAT LAKES BANK
11346 S CICERO AVE
ALSIP, IL 60803

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/1/2007

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Aurelio's Pizza franchise. At the time of the loan, the company had 40 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Great Lakes Bank and they will explain how you can get an SBA loan for your company.

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:

SBIR Funding

SBA 7A Banks in Alsip, Illinois

SBA Illinois Lenders