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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Geneva, Business Loans > First Choice Bank Geneva Business Loans > Surgical Appliance And Supplies Manufacturing Loan | ||||
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I Need a Small Business Loan in Bloomingdale, Illinois
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Where to Get Capital for Surgical Appliance and Supplies ManufacturingLooking for small business loans for surgical appliance and supplies manufacturing? The SBA may be the answer. This $346,140 surgical appliance and supplies manufacturing loan was issued by an Illinois bank. This company knew how to go about getting a business bank loan. Based in Bloomingdale, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was First Choice Bank, based in Geneva, Illinois. SBA Loan Borrower COMPANY TYPE: SURGICAL APPLIANCE AND SUPPLIES MANUFACTURING SBA Loan Lender FIRST CHOICE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339113 - Surgical Appliance and Supplies Manufacturing Loan Approval Date 12/30/2002 Loan Approval Gross Amount $346,140 Loan Approval from the SBA Of the total $346,140 loan amount, the SBA guaranteed $259,605. 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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks for Small Business in Geneva, Illinois
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