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November 24, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Garland, Business Loans > United Central Bank Garland Business Loans > Limited-Service Restaurants Loan | ||||
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Elgin, Illinois Bank Loan
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Limited-Service Restaurants Small Business LoansLooking for small business loans for limited-service restaurants? An SBA loan may be just what you've been looking for. This $130,000 limited-service restaurants loan was issued by a Texas bank. Getting a small business loan in Elgin, Illinois was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from United Central Bank, operating out of Garland, Texas. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender UNITED CENTRAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/19/2006 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks for Small Business in Garland, Texas
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