Integra Bank SBA Loan to Ambulance Services Company
An SBA loan from Integra Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Schaumburg, Illinois business owner got a $1,500,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Schaumburg, Illinois was able to borrow $1,500,000 from Integra Bank. The SBA made the loan possible by guaranteeing $1,125,000 of this Illinois small business loan.
SBA Loan Borrower
COMPANY TYPE: AMBULANCE SERVICES
SCHAUMBURG, IL 60173
SBA Loan Lender
INTEGRA BANK
7661 S HARLEM AVE
BRIDGEVIEW, IL 60455
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621910 - Ambulance Services
Loan Approval Date
11/7/2007
Loan Approval Gross Amount
$1,500,000
Loan Approval from the SBA
Of the total $1,500,000 loan amount, the SBA guaranteed $1,125,000.
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 68 employees. The SBA loan documents indicated that the loan would help retain 68 existing jobs.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
We can help you find the best banks for small businesses in Schaumburg 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.
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