Raising Money for Plumbing, Heating, and Air Conditioning Contractors
With these bank loans for plumbing, heating, and air conditioning contractors, the SBA guarantees the lender that the loan will be repaid. This plumbing, heating, and air conditioning contractors loan for $28,500 was given to an Illinois entrepreneur in 2002.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Peoria, Illinois was able to borrow $28,500 from Commerce Bank. The SBA made the loan possible by guaranteeing $14,250 of this Illinois small business loan.
SBA Loan Borrower
COMPANY TYPE: PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTORS
PEORIA, IL 61605
SBA Loan Lender
COMMERCE BANK
1000 WALNUT ST
KANSAS CITY, MO 64141
This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
235110 - Plumbing, Heating, and Air Conditioning Contractors
Loan Approval Date
8/23/2002
Loan Approval Gross Amount
$28,500
Loan Approval from the SBA
Of the total $28,500 loan amount, the SBA guaranteed $14,250.
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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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.
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