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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Alto Pass, Business Loans > Farmers St. Bank - Alto Pass Alto Pass Business Loans > Drinking Places Loan | ||||
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Illinois Small Business Funding
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Drinking Places Commercial LoansLooking for commercial loans for drinking places? Talk to a banker who works with the SBA. This $440,000 drinking places loan was issued by an Illinois bank. This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Farmers St. Bank - Alto Pass, out of Alto Pass, Illinois. The loan was granted and they received $440,000 to help grow their Herrin, Illinois business. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender FARMERS ST. BANK - ALTO PASS This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 12/17/2007 Loan Approval Gross Amount $440,000 Loan Approval from the SBA Of the total $440,000 loan amount, the SBA guaranteed $330,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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. The loan application indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Farmers St. Bank - Alto Pass and they will explain how you can get an SBA loan for your company. 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:
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