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November 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Lincoln, Business Loans > State Bank Of Lincoln Lincoln Business Loans > Liquor Stores Loan | ||||
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Decatur, Illinois Bank for SBA Loans
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State Bank Of Lincoln Gives Bank Loan to Liquor Stores CompanyWant an Illinois SBA loan? This Illinois entrepreneur got an SBA loan, provided by an Illinois bank that works with the SBA to help small business owners. Getting a small business loan in Decatur, Illinois was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from State Bank Of Lincoln. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: LIQUOR STORES SBA Loan Lender STATE BANK OF LINCOLN This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5921 - Liquor Stores NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 6/12/2002 Loan Approval Gross Amount $79,000 Loan Approval from the SBA Of the total $79,000 loan amount, the SBA guaranteed $67,150. 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. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours 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: Obtaining Funding - Friends and Family Best Banks in Lincoln, Illinois
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