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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Wilmette, Business Loans > Edens Bank Wilmette Business Loans > Full-Service Restaurants Loan | ||||
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Illinois SBA 7A Lenders
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Wilmette, Illinois Lender Lends Money to Full-Service Restaurants CompanyWant to talk with a Wilmette, Illinois bank about a business loan? Here's one Illinois business loan, issued by a Wilmette bank, that was approved by the SBA. Applying for an SBA loan with Edens Bank worked out well for our friends at one local firm in Lake Zurich, Illinois. They got an SBA loan for $255,000. Sweet! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender EDENS BANK This business loan 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 722110 - Full-Service Restaurants Loan Approval Date 6/25/2003 Loan Approval Gross Amount $255,000 Loan Approval from the SBA Of the total $255,000 loan amount, the SBA guaranteed $191,250. 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 only one employee. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small 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 Edens Bank 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: Role of Business Plan When Raising Money Getting an SBA Loan in Illinois
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