Saint Charles, IL Entrepreneur Gets SBA Loan to Buy Bread Company the Franchise

Borrowing money to purchase a Bread Company the franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.

Bread Company the franchise loans are available to Saint Charles, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fifth Third Bank, based in Saint Charles, Illinois, issued an SBA franchise loan for a Bread Company the franchise in 2003. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

FLOUR POWER, INC
SAINT CHARLES, IL 60174

SBA Loan Lender

FIFTH THIRD BANK
1600 E MAIN ST
SAINT CHARLES, IL 60174

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

2/27/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bread Company the franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Fifth Third Bank and they will explain how you can get an SBA loan for your company.

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:

Strategic Investors

Small Business Banks in Saint Charles, Illinois

Browse All Business Loan Sources for Illinois