Small Business Loans for Nonupholstered Wood Household Furniture Manufacturing

With these small business loans for nonupholstered wood household furniture manufacturing, the SBA guarantees the lender that the loan will be repaid. This nonupholstered wood household furniture manufacturing loan for $17,800 was given to an Illinois entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sycamore, Illinois was able to borrow $17,800 from National Bank & Trust - Sycamore. The SBA made the loan possible by guaranteeing $8,900 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: NONUPHOLSTERED WOOD HOUSEHOLD FURNITURE MANUFACTURING
SYCAMORE, IL 60178

SBA Loan Lender

NATIONAL BANK & TRUST - SYCAMORE
230 W STATE ST
SYCAMORE, IL 60178

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

337122 - Nonupholstered Wood Household Furniture Manufacturing

Loan Approval Date

9/11/2007

Loan Approval Gross Amount

$17,800

Loan Approval from the SBA

Of the total $17,800 loan amount, the SBA guaranteed $8,900.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 indicated that the loan would help create 1 new job.

Next Steps for Getting an SBA Loan

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National Bank & Trust - Sycamore had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National Bank & Trust - Sycamore 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:

The Art of Bootstrapping

SBA 7A Banks for Sycamore, Illinois Loans

SBA Illinois Banks