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November 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > De Kalb, Business Loans > Resource Bank De Kalb Business Loans > Meat Markets Loan | ||||
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Resource Bank Business Loans
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Meat Markets Small Business LoansLooking for small business loans for meat markets? Talk to a banker who works with the SBA. This $300,000 meat markets loan was issued by an Illinois bank. This company knew how to go about getting a business bank loan. Based in Kingston, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Resource Bank, based in De Kalb, Illinois. SBA Loan Borrower COMPANY TYPE: MEAT MARKETS SBA Loan Lender RESOURCE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 445210 - Meat Markets Loan Approval Date 2/16/2007 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $150,000. 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 5 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $300,000 loan. Remember, if it to be, it is up to me! 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: Find an SBA Lender in De Kalb, Illinois Getting a Business Loan in Illinois
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