Lasalle Bank Gives Business Loan to Physicians Company
IllinoisSmall business loans are available to Illinois small business owners through the SBA. In this case, an Illinois bank provides the loan.
This business, based in Orland Park, Illinois, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Lasalle Bank. We've got the inside scoop on this Illinois small business loan.
SBA Loan Borrower
COMPANY TYPE: PHYSICIANS
Orland Park, IL 60462
SBA Loan Lender
LASALLE BANK
3201 N ASHLAND AVE
CHICAGO, IL 60657
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621111 - Physicians
Loan Approval Date
9/6/2005
Loan Approval Gross Amount
$1,699,000
Loan Approval from the SBA
Of the total $1,699,000 loan amount, the SBA guaranteed $1,274,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 19 employees. This SBA loan request indicated that the loan would help generate 11 new jobs and retain 30 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
We can help you find the best banks for small businesses in Orland 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.
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