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December 20, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Champaign, Business Loans > Main Street Bank & Trust Champaign Business Loans > Used Merchandise Stores Loan | ||||
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How to Get SBA Money in Champaign, Illinois
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Illinois Business Loan Issued to Used Merchandise Stores CompanyBank loans in Illinois are hard to find these days. We take a look at one Illinois bank loan, provided by an Illinois bank, that was approved by the SBA. Getting a small business loan in Champaign, Illinois was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Main Street Bank & Trust. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: USED MERCHANDISE STORES SBA Loan Lender MAIN STREET BANK & TRUST This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 453310 - Used Merchandise Stores Loan Approval Date 10/24/2005 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Accountant's Role in Securing Financing SBA Approved Banks in Champaign, Illinois
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