SBA Loan from Old Second National Bank Helps Commercial Printing Company

An SBA loan from Old Second National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Naperville, Illinois business owner got a $267,500 loan.

This growing company knew how to go about getting a business bank loan. Based in Naperville, Illinois, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Old Second National Bank, based in Aurora, Illinois.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
NAPERVILLE, IL 60563

SBA Loan Lender

OLD SECOND NATIONAL BANK
37 S RIVER ST
AURORA, IL 60507

At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program aims to ensure rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2759 - Commercial Printing

NAICS Code

323119 - Commercial Printing

Loan Approval Date

8/22/2000

Loan Approval Gross Amount

$267,500

Loan Approval from the SBA

Of the total $267,500 loan amount, the SBA guaranteed $200,625.

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 13 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Old Second National Bank and they will explain how you can get an SBA loan for your company.

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 - How to Borrow Money

Find an SBA Lender in Aurora, Illinois

Illinois SBA 7A Lenders