Springfield, Illinois Bank Lends Money to Lessors Of Nonresidential Buildings Company in Springfield, Illinois

Thinking about meeting with a Springfield, Illinois bank about a small 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 Bank Of Springfield worked out well for our friends at one local business in Springfield, Illinois. They got an SBA loan for $690,400. Nice!

SBA Loan Borrower

COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS
SPRINGFIELD, IL 62704

SBA Loan Lender

BANK OF SPRINGFIELD
2600 STEVENSON DR
SPRINGFIELD, IL 62703

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

3/1/2004

Loan Approval Gross Amount

$690,400

Loan Approval from the SBA

Of the total $690,400 loan amount, the SBA guaranteed $517,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 13 employees. This SBA loan request indicated that the loan would help retain 13 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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.

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