Schaumburg, Illinois Business Gets SBA-Guaranteed Funding from Harris National Association

Harris National Association is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Illinois entrepreneur who tapped into the power of SBA loans.

This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Harris National Association, out of Bartlett, Illinois. The loan was granted and they received $898,164 to help grow their Schaumburg, Illinois business.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
SCHAUMBURG, IL 60175

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
335 S MAIN ST
BARTLETT, IL 60103

This loan for a small business was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a deep knowledge SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

7/7/2003

Loan Approval Gross Amount

$898,164

Loan Approval from the SBA

Of the total $898,164 loan amount, the SBA guaranteed $673,623.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Harris National Association so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Debt Financing

Best Banks in Bartlett, Illinois

Illinois SBA 7A Lenders