Champaign, Illinois Lender Lends Money to Physicians Company

Thinking about meeting with a Champaign, Illinois bank about an SBA loan? Here's one Indiana business loan, issued by a Champaign bank, that was approved by the SBA.

Applying for an SBA loan with Busey Bank worked out well for our friends at one local firm in Fishers, Indiana. They received an SBA loan for $966,600. Awesome!

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
FISHERS, IN 46038

SBA Loan Lender

BUSEY BANK
100 W UNIVERSITY AVE
CHAMPAIGN, IL 61820

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

8/9/2002

Loan Approval Gross Amount

$966,600

Loan Approval from the SBA

Of the total $966,600 loan amount, the SBA guaranteed $724,950.

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 19 employees. The SBA loan documents indicated that the loan would help retain 19 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Busey 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.

Related Links:

Debt Financing

Where to Get an SBA Loan in Champaign, Illinois

Illinois SBA 7A Banks