Aviston, Illinois Lender Lends Money to Groceries, General Line Company

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

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

SBA Loan Borrower

COMPANY TYPE: GROCERIES, GENERAL LINE
BREESE, IL 62230

SBA Loan Lender

CENTRUE BANK
101 S PAGE ST
AVISTON, IL 62216

This lender issued this SBA small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5141 - Groceries, General Line

NAICS Code

422410 - General Line Grocery Wholesalers

Loan Approval Date

12/6/2006

Loan Approval Gross Amount

$490,547

Loan Approval from the SBA

Of the total $490,547 loan amount, the SBA guaranteed $367,910.

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 95 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $490,547 loan. Remember, if it to be, it is up to me!

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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