Amcore Bank SBA Loan to Gasoline Service Stations Company
Looking to get a Wisconsin SBA loan? Here's one Wisconsin business loan that was approved by the SBA.
This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Amcore Bank, out of Rockford, Illinois. The loan was granted and they received $720,000 to help grow their Racine, Wisconsin business.
SBA Loan Borrower
COMPANY TYPE: GASOLINE SERVICE STATIONS
RACINE, WI 53403
SBA Loan Lender
AMCORE BANK
501 SEVENTH ST
ROCKFORD, IL 61104
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5541 - Gasoline Service Stations
Loan Approval Date
8/31/2000
Loan Approval Gross Amount
$720,000
Loan Approval from the SBA
Of the total $720,000 loan amount, the SBA guaranteed $540,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source
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:
Business Incubators
SBA Approved Banks in Rockford, Illinois
SBA Illinois Banks