Illinois Entrepreneur Secures Financing to Buy Computer Doctor Franchise

Need money to buy a Computer Doctor franchise? Harris National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Tinley Park, Illinois needed money to invest in a Computer Doctor franchise back in 2001. Harris National Association issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPUTER DOCTOR
TINLEY PARK, IL 60477

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
690 N LAGRANGE RD
FRANKFORT, IL 60423

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

7378 - Computer Maintenance and Repair

NAICS Code

811212 - Computer and Office Machine Repair and Maintenance

Loan Approval Date

6/27/2001

Loan Approval Gross Amount

$63,375

Loan Approval from the SBA

Of the total $63,375 loan amount, the SBA guaranteed $53,868.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Computer Doctor franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $63,375 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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