Peru, IL Entrepreneur Gets SBA Loan to Buy Pro Golf Franchise

Borrowing money to purchase a Pro Golf franchise? Citizens First National Bank has a history of making these loans and they are guaranteed by the SBA.

Pro Golf franchise loans are available to Peru, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citizens First National Bank, based in Peru, Illinois, issued an SBA franchise loan for a Pro Golf franchise in 2004. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

PRO GOLF OF PERU
PERU, IL 61354

SBA Loan Lender

CITIZENS FIRST NATIONAL BANK
925 SHOOTING PARK
PERU, IL 61354

This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

2/4/2004

Loan Approval Gross Amount

$300,800

Loan Approval from the SBA

Of the total $300,800 loan amount, the SBA guaranteed $225,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pro Golf franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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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