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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Peoria, Business Loans > The Farmers And Mechanics Bank Peoria Business Loans > Amusement And Recreation Services Loan | ||||
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Illinois Bank SBA Loans
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The Farmers And Mechanics Bank SBA Loan to Amusement And Recreation Services CompanyWant an Illinois small business loan? Here's one Illinois business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Peoria, Illinois, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was The Farmers And Mechanics Bank, based in Peoria, Illinois. SBA Loan Borrower COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES SBA Loan Lender THE FARMERS AND MECHANICS BANK This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7999 - Amusement and Recreation Services Loan Approval Date 3/22/2000 Loan Approval Gross Amount $27,500 Loan Approval from the SBA Of the total $27,500 loan amount, the SBA guaranteed $22,000. 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 only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Banks for Peoria, Illinois Loans
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