Business Loan from Harris National Association Given to Electricity Measuring And Testing Instruments Company

An SBA loan from Harris National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bensenville, Illinois business owner got a $80,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bensenville, Illinois was able to borrow $80,000 from Harris National Association. The SBA made the loan possible by guaranteeing $72,000 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRICITY MEASURING AND TESTING INSTRUMENTS
BENSENVILLE, IL 60106

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
111 W MONROE ST
CHICAGO, IL 60603

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3825 - Electricity Measuring and Testing Instruments

NAICS Code

334515 - Instrument Manufacturing for Measuring and Testing Electric Devices

Loan Approval Date

1/31/2000

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $72,000.

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 5 employees. This SBA loan request did not indicate that the company 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?

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

We can help you find the best banks for small businesses in Bensenville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Debt Financing

SBA Participating Banks in Chicago, Illinois

Illinois SBA 7A Lenders