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December 25, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Toulon, Business Loans > State Bank Of Toulon Toulon Business Loans > Electronic Components Loan | ||||
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How Do We Get a Business Loan in Toulon, Illinois?
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Small Business Loans for Electronic Component ManufacturingLooking for small business loans for electronic component manufacturing? Talk to a banker who works with the SBA. This $150,000 electronic component manufacturing loan was issued by an Illinois bank. This company knew how to go about getting a business bank loan. Based in Toulon, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was State Bank Of Toulon, based in Toulon, Illinois. SBA Loan Borrower COMPANY TYPE: ELECTRONIC COMPONENTS SBA Loan Lender STATE BANK OF TOULON This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3679 - Electronic Components NAICS Code 334419 - Electronic Component Manufacturing Loan Approval Date 1/12/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 25 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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:
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