Peoples National Bank SBA Loan to Wood Pallets And Skids Company

Peoples National Bank has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Albion, Illinois was able to borrow $561,200 from Peoples National Bank. The SBA made the loan possible by guaranteeing $420,900 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: WOOD PALLETS AND SKIDS
ALBION, IL 62806

SBA Loan Lender

PEOPLES NATIONAL BANK
520 S 42ND ST
MOUNT VERNON, IL 62864

This SBA business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and are well trained in SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2448 - Wood Pallets and Skids

NAICS Code

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

11/6/2006

Loan Approval Gross Amount

$561,200

Loan Approval from the SBA

Of the total $561,200 loan amount, the SBA guaranteed $420,900.

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 54 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Albion IL, you ought to talk with a local Albion SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Albion businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small 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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