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January 20, 2025 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Rockford, Business Loans > Amcore Bank Rockford Business Loans > Game, Toy, And Children's Vehicle Manufacturing Loan | ||||
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How to Get SBA Loans in Plainfield, Illinois
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Game, Toy, and Children's Vehicle Manufacturing LoansLooking for loans for game, toy, and children's vehicle manufacturing? Try the SBA. This $185,800 game, toy, and children's vehicle manufacturing loan was issued by an Illinois bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Amcore Bank, out of Rockford, Illinois. The loan was granted and they received $185,800 to help grow their Plainfield, Illinois business. SBA Loan Borrower COMPANY TYPE: GAME, TOY, AND CHILDREN'S VEHICLE MANUFACTURING SBA Loan Lender AMCORE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339932 - Game, Toy, and Children's Vehicle Manufacturing Loan Approval Date 4/22/2005 Loan Approval Gross Amount $185,800 Loan Approval from the SBA Of the total $185,800 loan amount, the SBA guaranteed $139,350. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 1 new job and retain 7 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Who Lends Money to Small Businesses in Rockford, Illinois
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