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January 20, 2025 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Rockford, Business Loans > Amcore Bank Rockford Business Loans > Meat Markets Loan | ||||
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Loves Park, Illinois Bank Loan
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Commercial Loans for Meat MarketsWith these commercial loans for meat markets, the SBA guarantees the lender that the loan will be repaid. This meat markets loan for $35,000 was given to an Illinois entrepreneur in 2001. This business knew how to go about getting a business bank loan. Based in Loves Park, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Amcore Bank, based in Rockford, Illinois. SBA Loan Borrower COMPANY TYPE: MEAT MARKETS SBA Loan Lender AMCORE BANK This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 8/28/2001 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 2 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan If you are raising money in Loves Park IL, you ought to talk with a local Loves Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Loves Park businesses. This SBA loan was for $35,000. How would you spend $35,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding - Getting Venture Capital Best Banks for Small Business in Rockford, Illinois
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