Toy and Hobby Goods and Supplies Wholesalers Commercial Loans

Looking for commercial loans for toy and hobby goods and supplies wholesalers? An SBA loan may be just what you've been looking for. This $25,000 toy and hobby goods and supplies wholesalers loan was issued by an Illinois bank.

This business knew how to go about getting a business bank loan. Based in Edwardsville, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Clover Leaf Bank, based in Edwardsville, Illinois.

SBA Loan Borrower

COMPANY TYPE: TOYS AND HOBBY GOODS AND SUPPLIES
EDWARDSVILLE, IL 65025

SBA Loan Lender

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

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5092 - Toys and Hobby Goods and Supplies

NAICS Code

421920 - Toy and Hobby Goods and Supplies Wholesalers

Loan Approval Date

5/14/2003

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

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. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money 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.

We can help you find the best banks for small businesses in Edwardsville 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:

Angel Investors

SBA Participating Banks in Edwardsville, Illinois

SBA Lenders in Illinois