Borrowing Money for Jewelry Stores

With these small business loans for jewelry stores, the SBA guarantees the lender that the loan will be repaid. This jewelry stores loan for $27,000 was given to an Illinois entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in Aurora, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Harris National Association, based in Aurora, Illinois.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
AURORA, IL 60505

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
2412 INDIAN TRL RD
AURORA, IL 60506

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

5/13/2004

Loan Approval Gross Amount

$27,000

Loan Approval from the SBA

Of the total $27,000 loan amount, the SBA guaranteed $13,500.

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 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

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Many small businesses receive loans backed by the U.S. Small Business Administration.

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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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