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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Oak Park, Business Loans > Park National Bank Oak Park Business Loans > Warehouse Clubs And Superstores Loan | ||||
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Illinois Small Business Funding
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Getting an SBA Loan for Warehouse Clubs and SuperstoresLooking for business loans for warehouse clubs and superstores? Talk to a banker who works with the SBA. This $128,000 warehouse clubs and superstores loan was issued by an Illinois bank. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Park National Bank, out of Oak Park, Illinois. The loan was granted and they received $128,000 to help grow their Oak Park, Illinois business. SBA Loan Borrower COMPANY TYPE: WAREHOUSE CLUBS AND SUPERSTORES SBA Loan Lender PARK NATIONAL BANK 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. NAICS Code 452910 - Warehouse Clubs and Superstores Loan Approval Date 6/18/2001 Loan Approval Gross Amount $128,000 Loan Approval from the SBA Of the total $128,000 loan amount, the SBA guaranteed $108,800. 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 3 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Oak Park 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. Related Links: Borrowing Money from Friends and Family Small Business Banks in Oak Park, Illinois
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