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November 14, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > De Kalb, Business Loans > Resource Bank De Kalb Business Loans > Machine Tool Manufacturing Loan | ||||
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SBA Lenders Illinois
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De Kalb, Illinois Bank Gives SBA Loan to Machine Tool Manufacturing CompanyThinking about meeting with a De Kalb, Illinois bank about an SBA loan? Here's one Illinois business loan, issued by a De Kalb bank, that was approved by the SBA. Applying for an SBA loan with Resource Bank worked out well for our friends at one local firm in Dekalb, Illinois. The business was able to get an SBA loan for $1,666,666. Sweet! SBA Loan Borrower COMPANY TYPE: MACHINE TOOL MANUFACTURING SBA Loan Lender RESOURCE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333512 - Machine Tool Manufacturing Loan Approval Date 8/29/2007 Loan Approval Gross Amount $1,666,666 Loan Approval from the SBA Of the total $1,666,666 loan amount, the SBA guaranteed $1,499,999. 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 23 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 18 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA Participating Banks in De Kalb, Illinois
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