Le Claire, Iowa Bank Lends Money to Display Advertising Company in East Moline, Illinois

Want to talk with a Le Claire, Iowa bank about a business loan? Here's one Illinois business loan, issued by a Le Claire bank, that was approved by the SBA.

Applying for an SBA loan with First Central State Bank worked out well for our friends at one local company in East Moline, Illinois. The business was able to get an SBA loan for $404,300. Awesome!

SBA Loan Borrower

COMPANY TYPE: DISPLAY ADVERTISING
EAST MOLINE, IL 61244

SBA Loan Lender

FIRST CENTRAL STATE BANK
1291 EAGLE RIDGE RD
LE CLAIRE, IA 52753

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541850 - Display Advertising

Loan Approval Date

10/25/2002

Loan Approval Gross Amount

$404,300

Loan Approval from the SBA

Of the total $404,300 loan amount, the SBA guaranteed $303,225.

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 only one employee. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $404,300. How would you spend $404,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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