Borrow Money to Buy a Keller Williams Realty Franchise

Borrowing money to purchase a Keller Williams Realty franchise? Libertyville Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Keller Williams Realty franchise? If so, here's a 2002 SBA franchise loan that you should know about. Libertyville Bank & Trust was the lender and the entrepreneur was based in Libertyville, Illinois.

SBA Loan Borrower

KELLER-WILLIAMS PREMIER REALTY
LIBERTYVILLE, IL 60048

SBA Loan Lender

LIBERTYVILLE BANK & TRUST
507 N MILWAUKEE AVE
LIBERTYVILLE, IL 60048

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers

NAICS Code

531311 - Residential Property Managers

Loan Approval Date

3/5/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Keller Williams Realty franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Libertyville Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Keller Williams Realty

Obtaining Funding - Friends and Family

Best Banks for Small Business in Libertyville, Illinois

Browse All Business Loan Sources for Illinois