Small Business Loans for Real Estate Appraisers

With these small business loans for real estate appraisers, the SBA guarantees the lender that the loan will be repaid. This real estate appraisers loan for $35,000 was given to an Illinois entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in Danville, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank - Danville, based in Danville, Illinois.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE APPRAISERS
DANVILLE, IL 61832

SBA Loan Lender

FIRST NATIONAL BANK - DANVILLE
ONE TOWNE CENTRE
DANVILLE, IL 61832

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531320 - Real Estate Appraisers

Loan Approval Date

11/15/2004

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees.

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

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Angel Investors

Banks in Danville, Illinois

SBA Lenders in Illinois