Shorebank SBA Loan to Fabricated Textile Products Company

Looking to get an Illinois SBA loan? Here's one Illinois business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Calumet City, Illinois, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Shorebank, based in Chicago, Illinois.

SBA Loan Borrower

COMPANY TYPE: FABRICATED TEXTILE PRODUCTS
CALUMET CITY, IL 60405

SBA Loan Lender

SHOREBANK
7054 S JEFFREY AVE
CHICAGO, IL 60649

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2399 - Fabricated Textile Products

Loan Approval Date

4/12/2000

Loan Approval Gross Amount

$34,400

Loan Approval from the SBA

Of the total $34,400 loan amount, the SBA guaranteed $27,520.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

Related Links:

Equity Financing

Small Bank Loans in Chicago, Illinois

Illinois SBA 7A Banks