Charleston, Illinois Bank Gives SBA Loan to Funeral Service And Crematories Company

Get SBA loans from a Charleston, Illinois bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

First Neighbor Bank is a Charleston, Illinois small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Illinois company.

SBA Loan Borrower

COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
OAKLAND, IL 61943

SBA Loan Lender

FIRST NEIGHBOR BANK
1415 18TH ST
CHARLESTON, IL 61920

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7261 - Funeral Service and Crematories

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

2/21/2006

Loan Approval Gross Amount

$621,847

Loan Approval from the SBA

Of the total $621,847 loan amount, the SBA guaranteed $466,385.

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 2 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Oakland 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:

Investor Turnoffs

Best Banks for Small Business in Charleston, Illinois

Illinois SBA Banks