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November 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Taylorville, Business Loans > Palmer Bank Taylorville Business Loans > Retail Stores Loan | ||||
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Small Business Banks for Taylorville Small Business Owners
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Palmer Bank Gives SBA Loan to Retail Stores CompanyWould an Illinois bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Illinois bank, which offers SBA loans to Illinois entrepreneurs. This business, based in Taylorville, Illinois, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Palmer Bank. We've got the inside scoop on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender PALMER BANK This lender issued this particular business 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. SIC Code 5999 - Retail Stores Loan Approval Date 5/23/2000 Loan Approval Gross Amount $14,000 Loan Approval from the SBA Of the total $14,000 loan amount, the SBA guaranteed $11,200. 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 2 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. We've showcased information on this loan to let you know that businesses like yours 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: Obtaining Funding - Friends and Family Best Banks for Small Business in Taylorville, Illinois
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