Springfield, Illinois Bank Lends Money to Real Estate Agents And Managers Company in Springfield, Illinois

Want to talk with a Springfield, Illinois bank about an SBA loan? Here's one Illinois business loan, issued by a Springfield bank, that was approved by the SBA.

Applying for an SBA loan with Security Bank, S.B. worked out well for our friends at one local firm in Springfield, Illinois. They got an SBA loan for $63,320. Great job!

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE AGENTS AND MANAGERS
SPRINGFIELD, IL 62704

SBA Loan Lender

SECURITY BANK, S.B.
510 E MONROE ST
SPRINGFIELD, IL 62701

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers

NAICS Code

531311 - Residential Property Managers

Loan Approval Date

4/26/2001

Loan Approval Gross Amount

$63,320

Loan Approval from the SBA

Of the total $63,320 loan amount, the SBA guaranteed $53,822.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $63,320 loan. Remember, feel the fear, and do it anyway.

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:

Business Incubators

SBA Participating Banks in Springfield, Illinois

Getting an SBA Loan in Illinois