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November 27, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Crystal Lake, Business Loans > Home St. Bank/natl Association Crystal Lake Business Loans > Environmental Consulting Services Loan | ||||
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SBA Loans from Home St. Bank/natl Association
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Crystal Lake, Illinois Business Gets SBA-Guaranteed Funding from Home St. Bank/natl AssociationHome St. Bank/natl Association and the SBA work together to get business loans for growing small businesses. Here's an example of how an Illinois entrepreneur was able to get a loan to take a small business to the next level. This growing company knew how to go about getting a business bank loan. Based in Crystal Lake, Illinois, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Home St. Bank/natl Association, based in Crystal Lake, Illinois. SBA Loan Borrower COMPANY TYPE: ENVIRONMENTAL CONSULTING SERVICES SBA Loan Lender HOME ST. BANK/NATL ASSOCIATION This lender processed this 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 541620 - Environmental Consulting Services Loan Approval Date 6/27/2003 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Home St. Bank/natl Association 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: Best Crystal Lake, Illinois Banks for Small Business
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