Loan to Buy Management Recruiters Franchise Issued By First American Bank

Need a loan to purchase a Management Recruiters franchise? First American Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Management Recruiters franchise is doable. In 2005, First American Bank issued an SBA franchise loan to an entrepreneur in Union, Illinois. Because Management Recruiters was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

MANAGEMENT RECRUITERS
UNION, IL 60180

SBA Loan Lender

FIRST AMERICAN BANK
1660 LOUIS AVE
ELK GROVE VILLAGE, IL 60007

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.

NAICS Code

541612 - Human Resources Consulting Services

Loan Approval Date

5/20/2005

Loan Approval Gross Amount

$67,200

Loan Approval from the SBA

Of the total $67,200 loan amount, the SBA guaranteed $57,120.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Management Recruiters franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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Management Recruiters International, Inc.

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