SBA Loan from National Bank & Trust - Sycamore Helps Beer, Wine, And Liquor Stores Company

An SBA loan from National Bank & Trust - Sycamore typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Davis Junction, Illinois business owner got a $150,000 loan.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with National Bank & Trust - Sycamore, out of Sycamore, Illinois. The loan was granted and they received $150,000 to help grow their Davis Junction, Illinois business.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
DAVIS JUNCTION, IL 61020

SBA Loan Lender

NATIONAL BANK & TRUST - SYCAMORE
230 W STATE ST
SYCAMORE, IL 60178

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

9/10/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into National Bank & Trust - Sycamore and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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