Where to Get Capital for Refrigeration Equipment and Supplies Wholesalers

Looking for small business loans for refrigeration equipment and supplies wholesalers? The SBA may be the answer. This $200,000 refrigeration equipment and supplies wholesalers loan was issued by an Illinois bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First American Bank, out of Elk Grove Village, Illinois. The loan was granted and they received $200,000 to help grow their Elk Grove Village, Illinois business.

SBA Loan Borrower

COMPANY TYPE: REFRIGERATION EQUIPMENT AND SUPPLIES WHOLESALERS
ELK GROVE VILLAGE, IL 60007

SBA Loan Lender

FIRST AMERICAN BANK
1650 LOUIS AVE
ELK GROVE VILLAGE, IL 60007

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421740 - Refrigeration Equipment and Supplies Wholesalers

Loan Approval Date

9/22/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 13 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First American 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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Small Bank Loans in Elk Grove Village, Illinois

Where to Get an SBA Loan Illinois