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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Wheaton, Business Loans > Wheaton Bank & Trust Wheaton Business Loans > Retail Stores Loan | ||||
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Small Business Banks in Illinois
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How to Get a Loan for Art DealersLooking for SBA loans for art dealers? Talk to a banker who works with the SBA. This $150,000 art dealers loan was issued by an Illinois bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Glenview, Illinois was able to borrow $150,000 from Wheaton Bank & Trust. The SBA made the loan possible by guaranteeing $127,500 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender WHEATON BANK & TRUST This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores NAICS Code 453920 - Art Dealers Loan Approval Date 1/22/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Glenview or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Wheaton, Illinois Banks for Small Business Getting an SBA Loan in Illinois
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