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December 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Charleston, Business Loans > First Neighbor Bank Charleston Business Loans > Quick Printing Loan | ||||
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Who Lends Money to Mattoon Small Business Owners
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Illinois Bank Loan Issued to Quick Printing CompanyBank loans in Illinois are hard to find these days. We take a look at one Illinois bank loan, provided by an Illinois bank, that was approved by the SBA. You can learn something about getting a small business loan in Mattoon, Illinois by studying this loan to a local company, made back in 2001. Banks like First Neighbor Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: QUICK PRINTING SBA Loan Lender FIRST NEIGHBOR BANK This commercial 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 323114 - Quick Printing Loan Approval Date 8/24/2001 Loan Approval Gross Amount $283,000 Loan Approval from the SBA Of the total $283,000 loan amount, the SBA guaranteed $212,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Neighbor Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Neighbor Bank 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:
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