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December 20, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Eldorado, Business Loans > First State Bank Eldorado Business Loans > Mobile Home Dealers Loan | ||||
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Eldorado, Illinois SBA Banks
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Eldorado, Illinois Bank Gives SBA Loan to Mobile Home Dealers CompanyThinking about meeting with an Eldorado, Illinois bank about an SBA loan? Here's one Indiana business loan, issued by an Eldorado bank, that was approved by the SBA. Applying for an SBA loan with First State Bank worked out well for our friends at one local business in Haubstadt, Indiana. They received an SBA loan for $232,000. Nice! SBA Loan Borrower COMPANY TYPE: MOBILE HOME DEALERS SBA Loan Lender FIRST STATE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5271 - Mobile Home Dealers NAICS Code 453930 - Manufactured Home Dealers Loan Approval Date 5/20/2003 Loan Approval Gross Amount $232,000 Loan Approval from the SBA Of the total $232,000 loan amount, the SBA guaranteed $174,000. 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 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding - Getting Venture Capital SBA Participating Banks in Eldorado, Illinois
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