Illinois Entrepreneur Secures Financing to Buy Petland Franchise

Need money to invest in a Petland franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA.

If you live near Naperville, Illinois and are interested in buying a Petland franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Business Lenders, LLC. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PETLAND
NAPERVILLE, IL 60565

SBA Loan Lender

BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453910 - Pet and Pet Supplies Stores

Loan Approval Date

11/28/2006

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Petland franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 25 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Naperville IL, you ought to talk with a local Naperville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Naperville businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $600,000 loan. Remember, anyone can do it... so why not 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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