Castle Bank SBA Loan to Manufacturing Industries Company

Looking to get an Illinois SBA loan? Here's one Illinois business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Elburn, Illinois, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Castle Bank, based in Sandwich, Illinois.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
ELBURN, IL 60119

SBA Loan Lender

CASTLE BANK
100 W CHURCH ST
SANDWICH, IL 60548

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

Loan Approval Date

7/17/2000

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

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 21 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $350,000. How would you spend $350,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Bank Credit Lines

SBA Approved Banks in Sandwich, Illinois

SBA Lenders in Illinois