Sporting Goods Stores Loans

Looking for loans for sporting goods stores? Try the SBA. This $150,000 sporting goods stores loan was issued by an Illinois bank.

This small firm knew how to go about getting a business bank loan. Based in Plainfield, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Harris National Association, based in Joliet, Illinois.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
PLAINFIELD, IL 60544

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
78 N CHICAGO ST
JOLIET, IL 60432

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

3/16/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

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SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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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