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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Elgin, Business Loans > Union National Bank Elgin Business Loans > Nonferrous Rolling, Drawing And Extruding Loan | ||||
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SBA Lenders for Elburn Small Businesses
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Nonferrous Metal Rolling, Drawing, and Extruding Small Business LoansWith these small business loans for nonferrous metal rolling, drawing, and extruding, the SBA guarantees the lender that the loan will be repaid. This nonferrous metal rolling, drawing, and extruding loan for $50,000 was given to an Illinois entrepreneur in 2003. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Union National Bank, out of Elgin, Illinois. The loan was granted and they received $50,000 to help grow their Elburn, Illinois business. SBA Loan Borrower COMPANY TYPE: NONFERROUS ROLLING, DRAWING AND EXTRUDING SBA Loan Lender UNION NATIONAL BANK This lender issued this particular business 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 3356 - Nonferrous Rolling, Drawing and Extruding NAICS Code 331491 - Nonferrous Metal Rolling, Drawing, and Extruding Loan Approval Date 4/3/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 10 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Approved Banks in Elgin, Illinois
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