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December 20, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Hanover Park, Business Loans > First Eagle Bank Hanover Park Business Loans > Animal Specialty Services Loan | ||||
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Hanover Park, Illinois Bank for SBA Loans
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Hanover Park, Illinois Bank Gives SBA Loan to Animal Specialty Services CompanyA Hanover Park, Illinois SBA loan can be yours. Learn how a business got a $75,000 business loan from this Illinois bank. This loan to a local firm is a good example of an SBA loan. First Eagle Bank made the loan and the SBA guaranteed a portion of the loan. Many other Illinois entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: ANIMAL SPECIALTY SERVICES SBA Loan Lender FIRST EAGLE BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0752 - Animal Specialty Services NAICS Code 812910 - Pet Care Services Loan Approval Date 2/26/2001 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 8 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA 7A Banks for Hanover Park, Illinois Loans
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