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December 20, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Rockford, Business Loans > Alpine Bank Of Illinois Rockford Business Loans > Chiropractors Loan | ||||
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Alpine Bank Of Illinois SBA Loans
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Small Business Loans for ChiropractorsLooking for small business loans for chiropractors? Try the SBA. This $102,500 chiropractors loan was issued by an Illinois bank. This company knew how to go about getting a business bank loan. Based in Cherry Valley, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Alpine Bank Of Illinois, based in Rockford, Illinois. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender ALPINE BANK OF ILLINOIS This SBA 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. NAICS Code 621310 - Chiropractors Loan Approval Date 10/14/2005 Loan Approval Gross Amount $102,500 Loan Approval from the SBA Of the total $102,500 loan amount, the SBA guaranteed $87,125. 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. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Alpine Bank Of Illinois and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Microlending as a Small Business Funding Source Best Banks in Rockford, Illinois
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