Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Requirements for Borrowing Money to Buy a Franchise

 

 
Loan Census SBA Loan Info

Loan to Buy Computer Renaissance Franchise Issued By Lasalle Bank

Need a loan to buy a Computer Renaissance franchise? Lasalle Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Skokie (niles Center), Illinois needed money to invest in a Computer Renaissance franchise back in 2002. Lasalle Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPUTER RENAISSANCE
SKOKIE (NILES CENTER), IL 60077

SBA Loan Lender

LASALLE BANK
135 S LASALLE ST
CHICAGO, IL 60603

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

443120 - Computer and Software Stores

Loan Approval Date

12/3/2002

Loan Approval Gross Amount

$99,000

Loan Approval from the SBA

Of the total $99,000 loan amount, the SBA guaranteed $49,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Computer Renaissance franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Lasalle Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Lasalle Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Computer Renaissance

Find Start-Up Capital

Who Lends Money to Small Businesses in Chicago, Illinois

Getting an SBA Loan in Illinois