Edwardsville, Illinois Lender Lends Money to Jewelry Stores Company

Thinking about meeting with an Edwardsville, Illinois bank about an SBA loan? Here's one Illinois business loan, issued by an Edwardsville bank, that was approved by the SBA.

Applying for an SBA loan with First Clover Leaf Bank worked out well for our friends at one local business in Edwardsville, Illinois. They got an SBA loan for $185,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
EDWARDSVILLE, IL 62025

SBA Loan Lender

FIRST CLOVER LEAF BANK
200 E PARK ST
EDWARDSVILLE, IL 62025

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

6/21/2006

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $92,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Edwardsville IL, you ought to talk with a local Edwardsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Edwardsville businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

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Small Business Banks in Edwardsville, Illinois

Illinois SBA Bank Lenders