How to Get a Loan for Retail Bakeries

With these commercial loans for retail bakeries, the SBA guarantees the lender that the loan will be repaid. This retail bakeries loan for $106,500 was given to an Illinois entrepreneur in 2000.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Bank, out of O'Fallon, Illinois. The loan was granted and they received $106,500 to help grow their New Baden, Illinois business.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
NEW BADEN, IL 62265

SBA Loan Lender

FIRST BANK
200 S LINCOLN
O'FALLON, IL 62269

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

3/9/2000

Loan Approval Gross Amount

$106,500

Loan Approval from the SBA

Of the total $106,500 loan amount, the SBA guaranteed $79,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in New Baden IL, you ought to talk with a local New Baden SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Baden businesses.

We've showcased information on this loan to let you know that businesses like yours 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.

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