Where to Get Capital for Communications Equipment Manufacturing

Looking for small business loans for communications equipment manufacturing? Try the SBA. This $250,000 communications equipment manufacturing loan was issued by an Illinois bank.

Getting a small business loan in Darien, Illinois was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First Midwest Bank, operating out of Buffalo Grove, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMUNICATIONS EQUIPMENT
DARIEN, IL 60561

SBA Loan Lender

FIRST MIDWEST BANK
555 W DUNDEE RD
BUFFALO GROVE, IL 60089

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans 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

3669 - Communications Equipment

NAICS Code

334290 - Communications Equipment Manufacturing

Loan Approval Date

9/16/2004

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Darien IL, you ought to talk with a local Darien SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Darien businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Midwest Bank 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:

Obtaining Funding - Friends and Family

Best Banks for Small Business in Buffalo Grove, Illinois

Find an SBA Lender in Illinois