Entrepreneur Works With Aledo, Illinois Bank to Get an SBA Loan

Get to know Aledo, Illinois banks that specialize in SBA loans and know how to work with entrepreneurs. Country Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Reynolds, Illinois starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Country Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS
REYNOLDS, IL 61279

SBA Loan Lender

COUNTRY BANK
1308 SE 4TH ST
ALEDO, IL 61231

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

4/7/2004

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 4 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Reynolds or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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