Janitorial Services Commercial Loans

Looking for commercial loans for janitorial services? The SBA may be the answer. This $176,530 janitorial services loan was issued by an Illinois bank.

This small business knew how to go about getting a business bank loan. Based in Springfield, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was United Community Bank, based in Chatham, Illinois.

SBA Loan Borrower

COMPANY TYPE: AIRPORTS, FLYING FIELDS, AND TERMINAL SERVICES
SPRINGFIELD, IL 62704

SBA Loan Lender

UNITED COMMUNITY BANK
301 N MAIN ST
CHATHAM, IL 62629

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4581 - Airports, Flying Fields, and Terminal Services

NAICS Code

561720 - Janitorial Services

Loan Approval Date

3/20/2006

Loan Approval Gross Amount

$176,530

Loan Approval from the SBA

Of the total $176,530 loan amount, the SBA guaranteed $132,398.

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 10 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $176,530. How would you spend $176,530 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding - Getting Venture Capital

Small Bank Loans in Chatham, Illinois

Getting an SBA Loan in Illinois