Bank Loans for Consumer Electronics and Appliances Rental

With these bank loans for consumer electronics and appliances rental, the SBA guarantees the lender that the loan will be repaid. This consumer electronics and appliances rental loan for $414,500 was given to an Illinois entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Belleville, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Bank, based in Swansea, Illinois.

SBA Loan Borrower

COMPANY TYPE: EQUIPMENT RENTAL AND LEASING
BELLEVILLE, IL 62220

SBA Loan Lender

FIRST BANK
4387 N ILLINOIS ST
SWANSEA, IL 62226

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7359 - Equipment Rental and Leasing

NAICS Code

532210 - Consumer Electronics and Appliances Rental

Loan Approval Date

4/24/2003

Loan Approval Gross Amount

$414,500

Loan Approval from the SBA

Of the total $414,500 loan amount, the SBA guaranteed $310,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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:

Obtaining Funding From a Venture Capitalist

Banks in Swansea, Illinois

Illinois SBA 7A Lenders