Aurora, Illinois Business Gets SBA-Guaranteed Funding from Harris National Association

An SBA loan from Harris National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Aurora, Illinois business owner got a $65,000 loan.

Getting a small business loan in Aurora, Illinois was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Harris National Association, operating out of Aurora, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS WHOLESALERS
AURORA, IL 60504

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
1252 N LAKE ST
AURORA, IL 60506

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422690 - Chemical and Allied Products Wholesalers

Loan Approval Date

7/24/2003

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Harris National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Equity Financing

Banks in Aurora, Illinois

Illinois SBA Banks