Getting an SBA Loan for Interior Design Services

Looking for commercial loans for interior design services? An SBA loan may be just what you've been looking for. This $15,700 interior design services loan was issued by a Missouri bank.

This business knew how to go about getting a business bank loan. Based in Mount Prospect, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was First Bank, based in Creve Coeur, Missouri.

SBA Loan Borrower

COMPANY TYPE: INTERIOR DESIGN SERVICES
Mount Prospect, IL 60056

SBA Loan Lender

FIRST BANK
11901 OLIVE BLVD
CREVE COEUR, MO 63141

This business 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

541410 - Interior Design Services

Loan Approval Date

1/25/2008

Loan Approval Gross Amount

$15,700

Loan Approval from the SBA

Of the total $15,700 loan amount, the SBA guaranteed $7,850.

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 no employees. The SBA loan documents did not indicate that the small business promised 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?

If you need business start up money in Mount Prospect IL, you ought to talk with a local Mount Prospect SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mount Prospect businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Understanding Dilution

Small Business Banks in Creve Coeur, Missouri

Missouri SBA Banks