Illinois SBA Loan Issued to Plate Work Manufacturing Company

IllinoisSBA loans are available to Illinois entrepreneurs through the SBA. In this case, an Ohio bank provides the loan.

Getting a small business loan in Crest Hill, Illinois was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: PLATE WORK MANUFACTURING
CREST HILL, IL 60435

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332313 - Plate Work Manufacturing

Loan Approval Date

11/23/2001

Loan Approval Gross Amount

$474,000

Loan Approval from the SBA

Of the total $474,000 loan amount, the SBA guaranteed $355,500.

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 12 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 7 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

This SBA loan was for $474,000. How would you spend $474,000 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.

Related Links:

Accountant's Role in Securing Financing

SBA Banks in Cincinnati, Ohio

Getting a Business Loan in Ohio