Illinois Entrepreneur Secures Financing to Buy Chicago's Pizza Of Greenfield Franchise

Need money to purchase a Chicago's Pizza Of Greenfield franchise? Shorebank has a history of making these loans and they are guaranteed by the SBA.

Chicago's Pizza Of Greenfield franchise loans are available to Lake Zurich, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Shorebank, based in Bellwood, Illinois, issued an SBA franchise loan for a Chicago's Pizza Of Greenfield franchise in 2002. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

CHICAGO STREET PIZZA
LAKE ZURICH, IL 60172

SBA Loan Lender

SHOREBANK
219 S MANNHEIM RD
BELLWOOD, IL 60104

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/11/2002

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Chicago's Pizza Of Greenfield franchise. At the time of the loan, the company had 50 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $75,000. How would you spend $75,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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