Small Business Loans for Specialty Trade Contractors

Looking for small business loans for specialty trade contractors? The SBA may be the answer. This $160,000 specialty trade contractors loan was issued by an Illinois bank.

Getting a small business loan in South Beloit, Illinois was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Alpine Bank Of Illinois, operating out of Rockford, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
SOUTH BELOIT, IL 61080

SBA Loan Lender

ALPINE BANK OF ILLINOIS
1700 N ALPINE RD
ROCKFORD, IL 61107

This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

9/19/2007

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $80,000.

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 2 employees. The loan application indicated that the funding would help generate 5 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in South Beloit IL, you ought to talk with a local South Beloit SBA lender or talk with an out-of-area SBA lender that has previously loaned money to South Beloit businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Alpine Bank Of Illinois had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Alpine Bank Of Illinois made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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