SBA Loan from Amer Heartland Bank & Tr Helps Flight Training Company

Amer Heartland Bank & Tr has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Schaumburg, Illinois, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Amer Heartland Bank & Tr, based in Sugar Grove, Illinois.

SBA Loan Borrower

COMPANY TYPE: FLIGHT TRAINING
SCHAUMBURG, IL 60193

SBA Loan Lender

AMER HEARTLAND BANK & TR
799 HEARTLAND DR
SUGAR GROVE, IL 60554

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This 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

611512 - Flight Training

Loan Approval Date

3/6/2003

Loan Approval Gross Amount

$585,000

Loan Approval from the SBA

Of the total $585,000 loan amount, the SBA guaranteed $438,750.

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 17 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Getting a Small Business Loan

Best Sugar Grove, Illinois Banks for Small Business

Getting an SBA Loan in Illinois