Loan to Buy Super Suppers Franchise Issued By National City Bank

Need money to invest in a Super Suppers franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Super Suppers franchise loans are available to Naperville, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Clarendon Hills, Illinois, issued an SBA franchise loan for a Super Suppers franchise in 2005. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

SUPER SUPPERS
NAPERVILLE, IL 60565

SBA Loan Lender

NATIONAL CITY BANK
55TH & HOLMES
CLARENDON HILLS, IL 60514

This business 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

722211 - Limited-Service Restaurants

Loan Approval Date

12/8/2005

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Super Suppers franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from National City Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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Small Bank Loans in Clarendon Hills, Illinois

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