Country Bank SBA Loan to Personal Services Company

An SBA loan from Country Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Aledo, Illinois business owner got a $39,329 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Country Bank, out of Aledo, Illinois. The loan was granted and they received $39,329 to help grow their Aledo, Illinois business.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
ALEDO, IL 61231

SBA Loan Lender

COUNTRY BANK
1308 SE 4TH ST
ALEDO, IL 61231

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.

SIC Code

7299 - Personal Services

NAICS Code

812990 - Personal Services

Loan Approval Date

6/27/2003

Loan Approval Gross Amount

$39,329

Loan Approval from the SBA

Of the total $39,329 loan amount, the SBA guaranteed $33,429.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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 Credit Cards

SBA 7A Banks in Aledo, Illinois

SBA Lenders in Illinois