Building Material Dealers SBA Loans

With these SBA loans for building material dealers, the SBA guarantees the lender that the loan will be repaid. This building material dealers loan for $200,000 was given to an Illinois entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Burr Ridge, Illinois was able to borrow $200,000 from Lasalle Bank. The SBA made the loan possible by guaranteeing $100,000 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
BURR RIDGE, IL 60527

SBA Loan Lender

LASALLE BANK
135 S LASALLE ST
CHICAGO, IL 60603

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

3/14/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Burr Ridge IL, you ought to talk with a local Burr Ridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Burr Ridge businesses.

We can help you find the best banks for small businesses in Burr Ridge 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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