Borrowing Money for Data Processing Services
With these bank loans for data processing services, the SBA guarantees the lender that the loan will be repaid. This data processing services loan for $5,000 was given to an Illinois entrepreneur in 2004.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sauk Village, Illinois was able to borrow $5,000 from Innovative Bank. The SBA made the loan possible by guaranteeing $4,250 of this Illinois small business loan.
SBA Loan Borrower
COMPANY TYPE: DATA PROCESSING SERVICES
SAUK VILLAGE, IL 60411
SBA Loan Lender
INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
514210 - Data Processing Services
Loan Approval Date
7/29/2004
Loan Approval Gross Amount
$5,000
Loan Approval from the SBA
Of the total $5,000 loan amount, the SBA guaranteed $4,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
If you want money for new small business in Sauk Village IL, you ought to talk with a local Sauk Village SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sauk Village businesses.
This SBA loan was for $5,000. How would you spend $5,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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.
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SBA Participating Banks in Oakland, California
California SBA 7A Lenders