Carrollton, Illinois Bank Gives SBA Loan to Retail Bakeries Company

Get to know Carrollton, Illinois banks that specialize in SBA loans and know how to work with entrepreneurs. Cornerstone Bank & Trust National As is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Jerseyville, Illinois starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Cornerstone Bank & Trust National As. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
JERSEYVILLE, IL 62052

SBA Loan Lender

CORNERSTONE BANK & TRUST NATIONAL AS
600 N MAIN ST
CARROLLTON, IL 62016

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

10/24/2006

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cornerstone Bank & Trust National As are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Family and Friend Investors - Your First Financiers

SBA 7A Lenders in Carrollton, Illinois

Getting a Business Loan in Illinois