Business Loans for Roasted Nuts and Peanut Butter Manufacturing

Looking for business loans for roasted nuts and peanut butter manufacturing? The SBA may be the answer. This $736,200 roasted nuts and peanut butter manufacturing loan was issued by an Illinois bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First American Bank, out of Elk Grove Village, Illinois. The loan was granted and they received $736,200 to help grow their Chicago, Illinois business.

SBA Loan Borrower

COMPANY TYPE: ROASTED NUTS AND PEANUT BUTTER MANUFACTURING
CHICAGO, IL 60612

SBA Loan Lender

FIRST AMERICAN BANK
1650 LOUIS AVE
ELK GROVE VILLAGE, IL 60007

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311911 - Roasted Nuts and Peanut Butter Manufacturing

Loan Approval Date

6/12/2002

Loan Approval Gross Amount

$736,200

Loan Approval from the SBA

Of the total $736,200 loan amount, the SBA guaranteed $552,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 36 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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 Banks in Elk Grove Village, Illinois

Illinois SBA 7A Banks