Getting an SBA Loan for Finish Carpentry Contractors

Looking for commercial loans for finish carpentry contractors? An SBA loan may be just what you've been looking for. This $386,889 finish carpentry contractors loan was issued by an Illinois bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rockford, Illinois was able to borrow $386,889 from Byron Bank. The SBA made the loan possible by guaranteeing $290,167 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: FINISH CARPENTRY CONTRACTORS
ROCKFORD, IL 61103

SBA Loan Lender

BYRON BANK
200 N WALNUT
BYRON, IL 61010

This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238350 - Finish Carpentry Contractors

Loan Approval Date

11/17/2006

Loan Approval Gross Amount

$386,889

Loan Approval from the SBA

Of the total $386,889 loan amount, the SBA guaranteed $290,167.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 $386,889 loan. Remember, you control your own destiny.

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:

Small Business Credit Cards

Best Banks in Byron, Illinois

Illinois SBA Bank Lenders