Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

Regions Bank SBA 7A Loans

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Veterinary Services

With these bank loans for veterinary services, the SBA guarantees the lender that the loan will be repaid. This veterinary services loan for $650,000 was given to an Illinois entrepreneur in 2000.

This company knew how to go about getting a business bank loan. Based in Columbia, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Regions Bank, based in Belleville, Illinois.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES FOR ANIMAL SPECIALTIES
COLUMBIA, IL 62236

SBA Loan Lender

REGIONS BANK
4800 W MAIN ST
BELLEVILLE, IL 62226

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0742 - Veterinary Services for Animal Specialties

NAICS Code

541940 - Veterinary Services

Loan Approval Date

11/20/2000

Loan Approval Gross Amount

$650,000

Loan Approval from the SBA

Of the total $650,000 loan amount, the SBA guaranteed $487,500.

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 12 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 Regions Bank 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.

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