Get an SBA Loan for Commercial and Industrial Machinery and Equipment

Looking for small business loans for commercial and industrial machinery and equipment? An SBA loan may be just what you've been looking for. This $460,000 commercial and industrial machinery and equipment loan was issued by an Illinois bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Town & Country Bank - Springfiel, out of Springfield, Illinois. The loan was granted and they received $460,000 to help grow their Springfield, Illinois business.

SBA Loan Borrower

COMPANY TYPE: WELDING REPAIR
SPRINGFIELD, IL 62704

SBA Loan Lender

TOWN & COUNTRY BANK - SPRINGFIEL
3601 WABASH AVE
SPRINGFIELD, IL 62711

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7692 - Welding Repair

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment

Loan Approval Date

9/1/2006

Loan Approval Gross Amount

$460,000

Loan Approval from the SBA

Of the total $460,000 loan amount, the SBA guaranteed $345,000.

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 6 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

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