Loan to Buy Fuzziwig's Candy Factory Franchise Issued By Heartland Bank & Trust

Borrowing money to purchase a Fuzziwig's Candy Factory franchise? Heartland Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Fuzziwig's Candy Factory franchise loans are available to Peoria, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Heartland Bank & Trust, based in Bloomington, Illinois, issued an SBA franchise loan for a Fuzziwig's Candy Factory franchise in 2006. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

FUZZIWIG'S CANDY FACTORY
PEORIA, IL 61615

SBA Loan Lender

HEARTLAND BANK & TRUST
401 N HERSHEY RD
BLOOMINGTON, IL 61704

When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program is designed to offer speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2064 - Candy and Other Confectionery Products

NAICS Code

311330 - Confectionery Manufacturing from Purchased Chocolate

Loan Approval Date

3/15/2006

Loan Approval Gross Amount

$138,300

Loan Approval from the SBA

Of the total $138,300 loan amount, the SBA guaranteed $117,555.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fuzziwig's Candy Factory franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Fuzziwig's Candy Factory

Determining Proper Capital Structure for a Business

Banks in Bloomington, Illinois

Illinois SBA 7A Lenders