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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Harrisburg, Business Loans > Farmers St. Bank - Alto Pass Harrisburg Business Loans > Professional Sports Clubs And Promoters Loan | ||||
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Illinois Bank SBA Loans
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Farmers St. Bank - Alto Pass SBA Loan to Professional Sports Clubs And Promoters CompanyFarmers St. Bank - Alto Pass is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Illinois entrepreneur who tapped into the power of SBA loans. This small firm knew how to go about getting a business bank loan. Based in Glen Carbon, Illinois, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Farmers St. Bank - Alto Pass, based in Harrisburg, Illinois. SBA Loan Borrower COMPANY TYPE: PROFESSIONAL SPORTS CLUBS AND PROMOTERS SBA Loan Lender FARMERS ST. BANK - ALTO PASS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7941 - Professional Sports Clubs and Promoters NAICS Code 711211 - Sports Teams and Clubs Loan Approval Date 6/15/2004 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. 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 12 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 $300,000 loan. Remember, if it to be, it is up to me! 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: Small Bank Loans in Harrisburg, Illinois
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