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November 15, 2024  
 
 
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Rockford SBA Lenders

 

 
Loan Census SBA Loan Info

Rockford, Illinois Lender Lends Money to Chiropractors Company

Want to talk with a Rockford, Illinois bank about a small business loan? Here's one Illinois business loan, issued by a Rockford bank, that was approved by the SBA.

Applying for an SBA loan with Amcore Bank worked out well for our friends at one local business in Round Lake Beach, Illinois. The business was able to get an SBA loan for $230,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
Round Lake Beach, IL 60073

SBA Loan Lender

AMCORE BANK
501 SEVENTH ST
ROCKFORD, IL 61104

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

3/29/2007

Loan Approval Gross Amount

$230,000

Loan Approval from the SBA

Of the total $230,000 loan amount, the SBA guaranteed $172,500.

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. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Round Lake Beach 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.

Related Links:

How Equity Dilution Works

SBA Participating Banks in Rockford, Illinois

Getting an SBA Loan in Illinois