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December 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Industrial Sand Loan | ||||
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SBA Loan from Bank Of The West
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Business Loan from Bank Of The West Given to Industrial Sand CompanyBank Of The West is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Illinois entrepreneur who tapped into the power of SBA loans. Getting a small business loan in East Dundee, Illinois was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The West, operating out of Truckee, California. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL SAND SBA Loan Lender BANK OF THE WEST This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1446 - Industrial Sand NAICS Code 212322 - Industrial Sand Mining Loan Approval Date 2/29/2000 Loan Approval Gross Amount $462,000 Loan Approval from the SBA Of the total $462,000 loan amount, the SBA guaranteed $346,500. 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 11 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 7A Lenders in Truckee, California
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