Loan Census Banking News and Information
December 25, 2024  
 
 
  Business Loan Information  
 

Business Loans for Saint Elmo Small Business Owners

 

 
Loan Census SBA Loan Info

Where to Get Capital for Fuel Dealers

Looking for small business loans for fuel dealers? Try the SBA. This $91,000 fuel dealers loan was issued by an Illinois bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with 1st National Bank - Brownstown, out of Brownstown, Illinois. The loan was granted and they received $91,000 to help grow their Saint Elmo, Illinois business.

SBA Loan Borrower

COMPANY TYPE: FUEL DEALERS
SAINT ELMO, IL 62458

SBA Loan Lender

1ST NATIONAL BANK - BROWNSTOWN
108 E MAIN ST
BROWNSTOWN, IL 62418

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

5989 - Fuel Dealers

NAICS Code

454319 - Fuel Dealers

Loan Approval Date

4/17/2002

Loan Approval Gross Amount

$91,000

Loan Approval from the SBA

Of the total $91,000 loan amount, the SBA guaranteed $77,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

The Friends and Family Network

SBA Approved Banks in Brownstown, Illinois

Illinois SBA 7A Lenders