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December 20, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Waterloo, Business Loans > State Bank Of Waterloo Waterloo Business Loans > Curves Of Sparta Loan | ||||
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Good Sources for Sparta SBA Loans
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Sparta, IL Entrepreneur Gets SBA Loan to Buy Curves For Women FranchiseNeed a loan to invest in a Curves For Women franchise? State Bank Of Waterloo has a history of making these loans and they are guaranteed by the SBA. If you live near Sparta, Illinois and are interested in buying a Curves For Women franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by State Bank Of Waterloo. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower CURVES OF SPARTA SBA Loan Lender STATE BANK OF WATERLOO This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7991 - Physical Fitness Facilities NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 2/27/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 4 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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: The Friends and Family Network Best Waterloo, Illinois Banks for Small Business
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