Pekin, Illinois Business Gets SBA-Guaranteed Funding from Pekin Community Bank

An SBA loan from Pekin Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pekin, Illinois business owner got a $135,760 loan.

Getting a small business loan in Pekin, Illinois was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Pekin Community Bank, operating out of Pekin, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PEKIN, IL 61554

SBA Loan Lender

PEKIN COMMUNITY BANK
601 COURT ST
PEKIN, IL 61555

This business 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

5812 - Eating Places

NAICS Code

711110 - Theater Companies and Dinner Theaters

Loan Approval Date

9/9/2003

Loan Approval Gross Amount

$135,760

Loan Approval from the SBA

Of the total $135,760 loan amount, the SBA guaranteed $115,396.

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 20 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $135,760 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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