Jewelry Stores Business Loans

Looking for business loans for jewelry stores? Talk to a banker who works with the SBA. This $150,000 jewelry stores loan was issued by an Illinois bank.

Getting a small business loan in Marion, Illinois was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Farmers St. Bank - Alto Pass, operating out of Marion, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
MARION, IL 62959

SBA Loan Lender

FARMERS ST. BANK - ALTO PASS
1106 W DEYOUNG
MARION, IL 62959

This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5944 - Jewelry Stores

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

11/8/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Farmers St. Bank - Alto Pass had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Farmers St. Bank - Alto Pass made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 From a Venture Capitalist

Best Banks for Small Business in Marion, Illinois

Illinois SBA 7A Lenders