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December 20, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Springfield, Business Loans > Illinois National Bank Springfield Business Loans > Eating Places Loan | ||||
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Illinois Bank SBA Loans
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Illinois National Bank SBA Loan to Eating Places CompanyLooking to get an Illinois SBA loan? Here's one Illinois business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Jacksonville, Illinois, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Illinois National Bank, based in Springfield, Illinois. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender ILLINOIS NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 7/11/2000 Loan Approval Gross Amount $384,000 Loan Approval from the SBA Of the total $384,000 loan amount, the SBA guaranteed $288,000. 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 55 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money 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. 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 Illinois National Bank 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: Who Lends Money to Small Businesses in Springfield, Illinois
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