SBA Loan from Peoples National Bank Helps Cookie And Cracker Manufacturing Company

Peoples National Bank has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Du Quoin, Illinois was able to borrow $350,000 from Peoples National Bank. The SBA made the loan possible by guaranteeing $175,000 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: COOKIE AND CRACKER MANUFACTURING
DU QUOIN, IL 62832

SBA Loan Lender

PEOPLES NATIONAL BANK
108 S WASHINGTON
MCLEANSBORO, IL 62859

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

311821 - Cookie and Cracker Manufacturing

Loan Approval Date

8/24/2007

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

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 15 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 15 new jobs.

Start the Process for Getting an SBA Loan Today!

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Peoples National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Peoples National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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