Business Loan from Edgar Cnty Bank & Trust. Given to Apparel And Accessory Stores Company

An SBA loan from Edgar Cnty Bank & Trust. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Paris, Illinois business owner got a $92,500 loan.

Getting a small business loan in Paris, Illinois was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Edgar Cnty Bank & Trust., operating out of Paris, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: APPAREL AND ACCESSORY STORES
PARIS, IL 61944

SBA Loan Lender

EDGAR CNTY BANK & TRUST.
177 W WOOD ST
PARIS, IL 61944

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5699 - Apparel and Accessory Stores

Loan Approval Date

5/2/2000

Loan Approval Gross Amount

$92,500

Loan Approval from the SBA

Of the total $92,500 loan amount, the SBA guaranteed $74,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $92,500. How would you spend $92,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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