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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Summit, Business Loans > Harris National Association Summit Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Illinois Bank SBA Loans
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Summit, Illinois Bank Gives SBA Loan to Coin-Operated Laundries And Drycleaners CompanyWant to talk with a Summit, Illinois bank about an SBA loan? Here's one Illinois business loan, issued by a Summit bank, that was approved by the SBA. Applying for an SBA loan with Harris National Association worked out well for our friends at one local firm in Steger, Illinois. The business was able to get an SBA loan for $160,000. Awesome! SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender HARRIS NATIONAL ASSOCIATION This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 11/12/2003 Loan Approval Gross Amount $160,000 Loan Approval from the SBA Of the total $160,000 loan amount, the SBA guaranteed $120,000. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Harris National Association had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Harris National Association made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Microlending as a Small Business Funding Source SBA 7A Banks for Summit, Illinois Loans
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