Sherman, IL Entrepreneur Gets SBA Loan to Buy Curves For Women Franchise

Borrowing money to buy a Curves For Women franchise? State Bank Of Lincoln has a history of making these loans and they are guaranteed by the SBA.

Curves For Women franchise loans are available to Sherman, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, State Bank Of Lincoln, based in Lincoln, Illinois, issued an SBA franchise loan for a Curves For Women franchise in 2002. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

CURVES FOR WOMEN
SHERMAN, IL 62684

SBA Loan Lender

STATE BANK OF LINCOLN
508 BROADWAY
LINCOLN, IL 62656

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7299 - Personal Services

NAICS Code

812191 - Diet and Weight Reducing Centers

Loan Approval Date

6/10/2002

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from State Bank Of Lincoln so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Curves

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SBA Participating Banks in Lincoln, Illinois

Illinois SBA Banks