Firm Gets an Illinois Bank Loan
IllinoisSmall business loans are available to Illinois small business owners through the SBA. In this case, an Illinois bank provides the loan.
Getting a small business loan in Naperville, Illinois was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Shorebank. Here are the details on this Illinois small business loan.
SBA Loan Borrower
COMPANY TYPE: AMBULATORY HEALTH CARE SERVICES
NAPERVILLE, IL 60564
SBA Loan Lender
SHOREBANK
7054 S JEFFREY AVE
CHICAGO, IL 60649
This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and a deep knowledge SBA loan requirements.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621999 - Ambulatory Health Care Services
Loan Approval Date
10/24/2000
Loan Approval Gross Amount
$700,000
Loan Approval from the SBA
Of the total $700,000 loan amount, the SBA guaranteed $525,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 5 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
We can help you find the best banks for small businesses in Naperville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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.
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