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December 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Davenport, Business Loans > Northwest Bank & Trust Company Davenport Business Loans > Record Production Loan | ||||
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Business Loan from Northwest Bank & Trust Company
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Business Loan from Northwest Bank & Trust Company Given to Record Production CompanyAn SBA loan from Northwest Bank & Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Rock Island, Illinois business owner got a $10,000 loan. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Northwest Bank & Trust Company, out of Davenport, Iowa. The loan was granted and they received $10,000 to help grow their Rock Island, Illinois business. SBA Loan Borrower COMPANY TYPE: RECORD PRODUCTION SBA Loan Lender NORTHWEST BANK & TRUST COMPANY This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 512210 - Record Production Loan Approval Date 11/9/2005 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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 only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $10,000 loan. Remember, fight for what you want, and it will be yours! 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 7A Banks for Davenport, Iowa Loans Browse All Business Loan Sources for Iowa
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