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December 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Green Bay, Business Loans > Associated Bank Green Bay Business Loans > Beauty Salons Loan | ||||
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SBA Lenders in East Peoria
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Business Loan from Associated Bank Given to Beauty Salons CompanyAn SBA loan from Associated Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an East Peoria, Illinois business owner got a $224,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in East Peoria, Illinois was able to borrow $224,000 from Associated Bank. The SBA made the loan possible by guaranteeing $168,000 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender ASSOCIATED BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 3/18/2005 Loan Approval Gross Amount $224,000 Loan Approval from the SBA Of the total $224,000 loan amount, the SBA guaranteed $168,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 17 new jobs and retain 18 existing jobs. Getting an SBA Loan For Your Business If you want money for new small business in East Peoria IL, you ought to talk with a local East Peoria SBA lender or talk with an out-of-area SBA lender that has previously loaned money to East Peoria businesses. We can help you find the best banks for small businesses in East Peoria or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - Getting Venture Capital Where to Get an SBA Loan in Green Bay, Wisconsin
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