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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Munster, Business Loans > Peoples Bank Sb Munster Business Loans > Radio, Television, And Electronics Stores Loan | ||||
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Business Loans for Frankfort Business Owners
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Financing for Radio, Television, and Electronics StoresLooking for commercial loans for radio, television, and electronics stores? The SBA may be the answer. This $40,000 radio, television, and electronics stores loan was issued by an Indiana bank. This business knew how to go about getting a business bank loan. Based in Frankfort, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Peoples Bank Sb, based in Munster, Indiana. SBA Loan Borrower COMPANY TYPE: RADIO, TELEVISION, AND ELECTRONICS STORES SBA Loan Lender PEOPLES BANK SB This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 443112 - Radio, Television, and Electronics Stores Loan Approval Date 1/4/2008 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 7A Banks for Munster, Indiana Loans Browse All Business Loan Sources for Indiana
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