Raising Money for Industrial Valve Manufacturing

With these business loans for industrial valve manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial valve manufacturing loan for $70,000 was given to an Illinois entrepreneur in 2000.

This small business knew how to go about getting a business bank loan. Based in Rockdale, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Centrue Bank, based in Streator, Illinois.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL VALVES
ROCKDALE, IL 60436

SBA Loan Lender

CENTRUE BANK
201 E MAIN
STREATOR, IL 61364

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3491 - Industrial Valves

NAICS Code

332911 - Industrial Valve Manufacturing

Loan Approval Date

12/5/2000

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $56,000.

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 4 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Rockdale IL, you ought to talk with a local Rockdale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rockdale businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Centrue Bank and they will explain how you can get an SBA loan for your company.

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:

Dealing With Venture Capitalists

SBA Banks in Streator, Illinois

Getting an SBA Loan in Illinois