Loan to Buy Curves For Women Franchise Issued By First American Bank

Borrowing money to invest in a Curves For Women franchise? First American Bank has a history of making these loans and they are guaranteed by the SBA.

Curves For Women franchise loans are available to Warrenville, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First American Bank, based in Elk Grove Village, Illinois, issued an SBA franchise loan for a Curves For Women franchise in 2003. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

CURVES FOR WOMEN
WARRENVILLE, IL 60555

SBA Loan Lender

FIRST AMERICAN BANK
1650 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

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

11/7/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First American 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.

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Curves

Startup Funding Tip

Small Bank Loans in Elk Grove Village, Illinois

Getting an SBA Loan in Illinois