Centralia, Illinois Lender Lends Money to Ophthalmic Goods Wholesalers Company

Get to know Centralia, Illinois banks that specialize in SBA loans and know how to work with entrepreneurs. Peoples National Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Bloomington, Illinois starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Peoples National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: OPHTHALMIC GOODS WHOLESALERS
BLOOMINGTON, IL 61704

SBA Loan Lender

PEOPLES NATIONAL BANK
400 E BROADWAY
CENTRALIA, IL 62801

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421460 - Ophthalmic Goods Wholesalers

Loan Approval Date

11/12/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

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