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November 24, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Springfield, Business Loans > Illini Bank Springfield Business Loans > Candy And Other Confectionery Products Loan | ||||
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SBA Lender Springfield
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Springfield, Illinois Lender Lends Money to Candy And Other Confectionery Products CompanyThinking about meeting with a Springfield, Illinois bank about a business loan? Here's one Illinois business loan, issued by a Springfield bank, that was approved by the SBA. Applying for an SBA loan with Illini Bank worked out well for our friends at one local company in Springfield, Illinois. They received an SBA loan for $50,000. Sweet! SBA Loan Borrower COMPANY TYPE: CANDY AND OTHER CONFECTIONERY PRODUCTS SBA Loan Lender ILLINI BANK This commercial 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 2064 - Candy and Other Confectionery Products NAICS Code 311330 - Confectionery Manufacturing from Purchased Chocolate Loan Approval Date 9/27/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks in Springfield, Illinois
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