Effingham, Illinois Bank Gives SBA Loan to Water, Sewer, And Utility Lines Company

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

Applying for an SBA loan with Fifth Third Bank worked out well for our friends at one local firm in Effingham, Illinois. They received an SBA loan for $92,600. Great job!

SBA Loan Borrower

COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
EFFINGHAM, IL 62401

SBA Loan Lender

FIFTH THIRD BANK
200 N 3RD ST
EFFINGHAM, IL 62401

This lender issued this particular loan for a small business 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

1623 - Water, Sewer, and Utility Lines

Loan Approval Date

5/3/2000

Loan Approval Gross Amount

$92,600

Loan Approval from the SBA

Of the total $92,600 loan amount, the SBA guaranteed $74,080.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Effingham IL, you ought to talk with a local Effingham SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Effingham businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Fifth Third Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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