Chicago, Illinois Entrepreneur Gets a Business Loan
IllinoisBusiness loans are available to Illinois business owners through the SBA. In this case, an Ohio bank provides the loan.
You can learn something about getting a small business loan in Chicago, Illinois by studying this loan to a local business, made back in 2004. Banks like Rbs Citizens may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: LAWYERS
CHICAGO, IL 60606
SBA Loan Lender
RBS CITIZENS
1215 SUPERIOR AVE
CLEVELAND, OH 44114
This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
541110 - Lawyers
Loan Approval Date
12/15/2004
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 6 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
This SBA loan was for $75,000. How would you spend $75,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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