Business Loan from Lasalle Bank Given to Canvas And Related Product Mills Company

Lasalle Bank has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Elk Grove Village, Illinois, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Lasalle Bank, based in Chicago, Illinois.

SBA Loan Borrower

COMPANY TYPE: CANVAS AND RELATED PRODUCT MILLS
Elk Grove Village, IL 60007

SBA Loan Lender

LASALLE BANK
3201 N ASHLAND AVE
CHICAGO, IL 60657

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

314912 - Canvas and Related Product Mills

Loan Approval Date

8/3/2005

Loan Approval Gross Amount

$1,662,700

Loan Approval from the SBA

Of the total $1,662,700 loan amount, the SBA guaranteed $1,247,025.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 24 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 27 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Elk Grove Village IL, you ought to talk with a local Elk Grove Village SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elk Grove Village businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,662,700 loan. Remember, things become real when you believe you can achieve them!

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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