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November 25, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Bettendorf, Business Loans > Quad City Bank & Trust Bettendorf Business Loans > Chiropractors Loan | ||||
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SBA Lenders in Illinois
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Raising Money for ChiropractorsWith these bank loans for chiropractors, the SBA guarantees the lender that the loan will be repaid. This chiropractors loan for $15,000 was given to an Illinois entrepreneur in 2005. This small firm knew how to go about getting a business bank loan. Based in Moline, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Quad City Bank & Trust, based in Bettendorf, Iowa. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender QUAD CITY BANK & TRUST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 621310 - Chiropractors Loan Approval Date 11/25/2005 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Family and Friend Investors - Your First Financiers SBA Approved Banks in Bettendorf, Iowa
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