Centrue Bank Provides SBA Loan to Buy Sears Catalog Store Franchise

Need money to invest in a Sears Catalog Store franchise? Centrue Bank has a history of making these loans and they are guaranteed by the SBA.

Sears Catalog Store franchise loans are available to Plano, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Centrue Bank, based in Streator, Illinois, issued an SBA franchise loan for a Sears Catalog Store franchise in 2000. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

HOUSTON ENTERPRISES
PLANO, IL 60545

SBA Loan Lender

CENTRUE BANK
201 E MAIN
STREATOR, IL 61364

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5722 - Household Appliance Stores

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

5/2/2000

Loan Approval Gross Amount

$195,000

Loan Approval from the SBA

Of the total $195,000 loan amount, the SBA guaranteed $146,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sears Catalog Store franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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.

Related Links:

Obtaining Funding From a Venture Capitalist

Small Business Banks in Streator, Illinois

Find an SBA Lender in Illinois