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November 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Trailwood Auto Body Loan | ||||
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Good Sources for Wheeling SBA Loans
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Borrow Money to Buy a Carstar Automotive FranchiseNeed a loan to invest in a Carstar Automotive franchise? Excel National Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Wheeling, Illinois and are interested in buying a Carstar Automotive franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Excel National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower TRAILWOOD AUTO BODY SBA Loan Lender EXCEL NATIONAL 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. NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 4/13/2007 Loan Approval Gross Amount $1,590,000 Loan Approval from the SBA Of the total $1,590,000 loan amount, the SBA guaranteed $1,192,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Carstar Automotive franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Excel National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Business Banks in Beverly Hills, California
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