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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Hannibal, Business Loans > Hnb National Bank Hannibal Business Loans > Plumbing And Heating Equipment And Supplies Merchant Wholesaler Loan | ||||
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Business Loans for Quincy Businesses
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Commercial Loans for Plumbing and Heating Equipment and Supplies Merchant WholesalerLooking for commercial loans for plumbing and heating equipment and supplies merchant wholesaler? Try the SBA. This $40,000 plumbing and heating equipment and supplies merchant wholesaler loan was issued by a Missouri bank. Getting a small business loan in Quincy, Illinois was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Hnb National Bank, operating out of Hannibal, Missouri. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: PLUMBING AND HEATING EQUIPMENT AND SUPPLIES MERCHANT WHOLESALER SBA Loan Lender HNB NATIONAL BANK The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 423720 - Plumbing and Heating Equipment and Supplies Merchant Wholesaler Loan Approval Date 11/29/2006 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help create 2 new 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: SBA Participating Banks in Hannibal, Missouri
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