Illinois Entrepreneur Secures Financing to Buy Bp Express Franchise

Need money to buy a Bp Express franchise? Ridgestone Bank has a history of making these loans and they are guaranteed by the SBA.

Bp Express franchise loans are available to Pana, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ridgestone Bank, based in Brookfield, Wisconsin, issued an SBA franchise loan for a Bp Express franchise in 2007. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

SINGH PROPERTIES IL LLC
PANA, IL 62557

SBA Loan Lender

RIDGESTONE BANK
13925 W NORTH AVE
BROOKFIELD, WI 53005

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

9/19/2007

Loan Approval Gross Amount

$544,000

Loan Approval from the SBA

Of the total $544,000 loan amount, the SBA guaranteed $408,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bp Express franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $544,000 loan. Remember, feel the fear, and do it anyway.

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:

The Friends and Family Network

Small Business Banks in Brookfield, Wisconsin

Browse All Business Loan Sources for Wisconsin