 |
 |
November 22, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Illinois Business Loan Sources > Chicago, Business Loans > Lasalle Bank Chicago Business Loans > Machine Shops Loan | ||||
 |
||||
Good Banks for Chicago Small Businesses
|
||||
 |
Get an SBA Loan for Machine ShopsLooking for small business loans for machine shops? An SBA loan may be just what you've been looking for. This $120,000 machine shops loan was issued by an Illinois bank. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Lasalle Bank, out of Chicago, Illinois. The loan was granted and they received $120,000 to help grow their Chicago, Illinois business. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender LASALLE BANK This lender processed this 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 332710 - Machine Shops Loan Approval Date 8/21/2003 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $60,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 13 employees. The SBA loan documents indicated that the loan would help retain 13 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Lasalle Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Realistic Debt Financing Options SBA Participating Banks in Chicago, Illinois
|
|
||
|
||||
|
|
||||