Deforest, Wisconsin Business Gets SBA-Guaranteed Funding from Amcore Bank

An SBA loan from Amcore Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Deforest, Wisconsin business owner got a $257,400 loan.

This business knew how to go about getting a business bank loan. Based in Deforest, Wisconsin, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Amcore Bank, based in Rockford, Illinois.

SBA Loan Borrower

COMPANY TYPE: TEXTILE PRODUCT MILLS
DeForest, WI 53532

SBA Loan Lender

AMCORE BANK
501 SEVENTH ST
ROCKFORD, IL 61104

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

314999 - Textile Product Mills

Loan Approval Date

5/9/2006

Loan Approval Gross Amount

$257,400

Loan Approval from the SBA

Of the total $257,400 loan amount, the SBA guaranteed $193,050.

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 13 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 15 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Amcore Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Line of Credit

SBA Approved Banks in Rockford, Illinois

Illinois SBA Bank Lenders