Business Loan from Lafayette Bank & Trust Natl Given to Stationery And Office Supplies Company

An SBA loan from Lafayette Bank & Trust Natl typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Blue Island, Illinois business owner got a $500,000 loan.

Getting a small business loan in Blue Island, Illinois was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Lafayette Bank & Trust Natl, operating out of Lafayette, Indiana. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: STATIONERY AND OFFICE SUPPLIES
BLUE ISLAND, IL 60406

SBA Loan Lender

LAFAYETTE BANK & TRUST NATL
250 MAIN ST
LAFAYETTE, IN 47901

This business 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

5112 - Stationery and Office Supplies

NAICS Code

422120 - Stationery and Office Supplies Wholesalers

Loan Approval Date

4/28/2000

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Blue Island 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.

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