How to Get a Loan for Real Estate Appraisers

With these commercial loans for real estate appraisers, the SBA guarantees the lender that the loan will be repaid. This real estate appraisers loan for $50,000 was given to an Illinois entrepreneur in 2005.

This small business knew how to go about getting a business bank loan. Based in Sycamore, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Resource Bank, based in De Kalb, Illinois.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE APPRAISERS
SYCAMORE, IL 60178

SBA Loan Lender

RESOURCE BANK
555 BETHANY RD
DE KALB, IL 60115

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531320 - Real Estate Appraisers

Loan Approval Date

4/21/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $50,000 loan. Remember, anyone can do it... so why not you?

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:

Small Business Credit Cards

Good Banks for Small Business in De Kalb, Illinois

Illinois SBA Bank Lenders