Loan to Buy Dollar Discount Stores Franchise Issued By Norstates Bank

Need money to invest in a Dollar Discount Stores franchise? Norstates Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Mundelein, Illinois needed money to invest in a Dollar Discount Stores franchise back in 2002. Norstates Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

YAHWEH ENTREPRISES INC
MUNDELEIN, IL 60060

SBA Loan Lender

NORSTATES BANK
1777 N CEDAR LAKE RD
ROUND LAKE BEACH, IL 60073

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

5999 - Retail Stores

NAICS Code

453998 - Store Retailers

Loan Approval Date

5/20/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dollar Discount Stores franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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