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December 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Glendale, Business Loans > World Trade Finance, Inc. Glendale Business Loans > Welding And Soldering Equipment Manufacturing Loan | ||||
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Danville SBA Loans
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Illinois Bank Loan Issued to Welding And Soldering Equipment Manufacturing CompanySearching for an Illinois small business loan? This Illinois entrepreneur got a small business loan, provided by a California bank that works with the SBA to help small business owners. By giving the right information to World Trade Finance, Inc., this Danville, Illinois business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: WELDING AND SOLDERING EQUIPMENT MANUFACTURING SBA Loan Lender WORLD TRADE FINANCE, INC. This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333992 - Welding and Soldering Equipment Manufacturing Loan Approval Date 1/8/2008 Loan Approval Gross Amount $450,000 Loan Approval from the SBA Of the total $450,000 loan amount, the SBA guaranteed $405,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 57 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from World Trade Finance, Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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:
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