Small Business Loans for Personal and Household Goods Repair and Maintenance

Looking for small business loans for personal and household goods repair and maintenance? Try the SBA. This $188,500 personal and household goods repair and maintenance loan was issued by an Illinois bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Bank, out of Swansea, Illinois. The loan was granted and they received $188,500 to help grow their Edwardsville, Illinois business.

SBA Loan Borrower

COMPANY TYPE: BOAT BUILDING AND REPAIRING
EDWARDSVILLE, IL 62025

SBA Loan Lender

FIRST BANK
4387 N ILLINOIS ST
SWANSEA, IL 62226

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3732 - Boat Building and Repairing

NAICS Code

811490 - Personal and Household Goods Repair and Maintenance

Loan Approval Date

5/6/2004

Loan Approval Gross Amount

$188,500

Loan Approval from the SBA

Of the total $188,500 loan amount, the SBA guaranteed $141,375.

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 2 employees. This SBA loan request did not indicate that the business promised to use the funding 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First 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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