Entrepreneur Works With Mount Vernon, Illinois Bank to Get an SBA Loan

Want to talk with a Mount Vernon, Illinois bank about a business loan? Here's one Illinois business loan, issued by a Mount Vernon bank, that was approved by the SBA.

Applying for an SBA loan with Peoples National Bank worked out well for our friends at one local business in Marion, Illinois. They received an SBA loan for $288,320. Awesome!

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
MARION, IL 62959

SBA Loan Lender

PEOPLES NATIONAL BANK
520 S 42ND ST
MOUNT VERNON, IL 62864

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

4/24/2007

Loan Approval Gross Amount

$288,320

Loan Approval from the SBA

Of the total $288,320 loan amount, the SBA guaranteed $216,240.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $288,320. How would you spend $288,320 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 - Friends and Family

SBA 7A Banks for Mount Vernon, Illinois Loans

SBA Lenders in Illinois