Peoria, Illinois Bank Lends Money to Accounting, Auditing, And Bookkeeping Services Company in Peoria, Illinois

Find Peoria, Illinois banks that specialize in small business loans and know how to work with entrepreneurs. First Capital Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Peoria, Illinois starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from First Capital Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: ACCOUNTING, AUDITING, AND BOOKKEEPING SERVICES
PEORIA, IL 61615

SBA Loan Lender

FIRST CAPITAL BANK
6699 N SHERIDAN RD
PEORIA, IL 61614

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

8721 - Accounting, Auditing, and Bookkeeping Services

NAICS Code

541211 - Certified Public Accountants

Loan Approval Date

10/13/2004

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $165,000.

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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Peoria IL, you ought to talk with a local Peoria SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Peoria businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Financing Your Business

Where to Get an SBA Loan in Peoria, Illinois

Getting an SBA Loan in Illinois