Loan to Buy Color Me Mine Franchising, Inc Franchise Issued By First American Bank
Need money to invest in a Color Me Mine Franchising, Inc franchise? First American Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Naperville, Illinois needed money to invest in a Color Me Mine Franchising, Inc franchise back in 2006. First American Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan.
SBA Loan Borrower
COLOR ME MINE NAPERVILLE, LLC
NAPERVILLE, IL 60540
SBA Loan Lender
FIRST AMERICAN BANK
261 S WESTERN AVE, SPRING HIL
CARPENTERSVILLE, IL 60110
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
327111 - Plumbing Fixtures, China and Earthenware Bathroom Accessories
Loan Approval Date
10/27/2006
Loan Approval Gross Amount
$120,000
Loan Approval from the SBA
Of the total $120,000 loan amount, the SBA guaranteed $102,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Color Me Mine Franchising, Inc franchise. At the time of the loan, the company
had no employees. The SBA loan application for the borrower indicated that the funding would help generate 5 new jobs.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
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.
Related Links:
Color Me Mine Enterprises
Business Credit Evaluation
SBA 7A Lenders in Carpentersville, Illinois
Find an SBA Lender in Illinois