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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Carpentersville, Business Loans > First American Bank Carpentersville Business Loans > Exam Preparation And Tutoring Loan | ||||
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Banks in Carpentersville, Illinois That Make SBA Loans
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Carpentersville, Illinois Bank Lends Money to Exam Preparation And Tutoring Company in Glenview, IllinoisWant to talk with a Carpentersville, Illinois bank about a business loan? Here's one Illinois business loan, issued by a Carpentersville bank, that was approved by the SBA. Applying for an SBA loan with First American Bank worked out well for our friends at one local business in Glenview, Illinois. They got an SBA loan for $100,000. Way to go! SBA Loan Borrower COMPANY TYPE: EXAM PREPARATION AND TUTORING SBA Loan Lender FIRST AMERICAN BANK This lender provides SBA small business loans 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 611691 - Exam Preparation and Tutoring Loan Approval Date 4/30/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 no employees. The SBA loan documents indicated that the borrowed money would help create 30 new jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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. Related Links: SBA 7A Banks for Carpentersville, Illinois Loans
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