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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Rockford, Business Loans > Amcore Bank Rockford Business Loans > Lubepro's Loan | ||||
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Small Business Banks for South Beloit Businesses
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Illinois Entrepreneur Secures Financing to Buy Lube Pro's FranchiseNeed a loan to purchase a Lube Pro's franchise? Amcore Bank has a history of making these loans and they are guaranteed by the SBA. Lube Pro's franchise loans are available to South Beloit, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Amcore Bank, based in Rockford, Illinois, issued an SBA franchise loan for a Lube Pro's franchise in 2000. We've got all the details on this Illinois small business loan. SBA Loan Borrower LUBEPRO'S SBA Loan Lender AMCORE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7549 - Automotive Services Loan Approval Date 2/14/2000 Loan Approval Gross Amount $168,000 Loan Approval from the SBA Of the total $168,000 loan amount, the SBA guaranteed $126,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Lube Pro's franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Amcore Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Raising VC Money for Social Networking Companies SBA 7A Lenders in Rockford, Illinois
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