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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Salem, Business Loans > Peoples National Bank Salem Business Loans > Nursery And Garden Centers Loan | ||||
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Illinois SBA Lenders
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Salem, Illinois Lender Lends Money to Nursery And Garden Centers CompanyWant to talk with a Salem, Illinois bank about a business loan? Here's one Illinois business loan, issued by a Salem bank, that was approved by the SBA. Applying for an SBA loan with Peoples National Bank worked out well for our friends at one local company in Teutopolis, Illinois. They received an SBA loan for $1,713,300. Sweet! SBA Loan Borrower COMPANY TYPE: NURSERY AND GARDEN CENTERS SBA Loan Lender PEOPLES NATIONAL BANK At the time this loan was granted, this bank participated in the SBA's Certified Lenders Program (CLP). This program is designed to give speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444220 - Nursery and Garden Centers Loan Approval Date 9/28/2001 Loan Approval Gross Amount $1,713,300 Loan Approval from the SBA Of the total $1,713,300 loan amount, the SBA guaranteed $998,854. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 71 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. This SBA loan was for $1,713,300. How would you spend $1,713,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Good Banks for Small Business in Salem, Illinois
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