Ge Cap. Small Business Finan Corp SBA Loan to Water, Sewer, And Utility Lines Company
Want an Illinois small business loan? Here's one Illinois business loan that was approved by the SBA.
This growing firm needed an SBA business loan in Addison, Illinois back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Ge Cap. Small Business Finan Corp, operating out of St. Louis, Missouri. Here are the details on this Illinois small business loan.
SBA Loan Borrower
COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
ADDISON, IL 60101
SBA Loan Lender
GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1623 - Water, Sewer, and Utility Lines
Loan Approval Date
3/23/2000
Loan Approval Gross Amount
$332,300
Loan Approval from the SBA
Of the total $332,300 loan amount, the SBA guaranteed $249,225.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We can help you find the best banks for small businesses in Addison or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
How Equity Dilution Works
SBA Approved Banks in St. Louis, Missouri
Missouri SBA 7A Lenders