Loans for Manufacturing and Industrial Building Construction

Looking for loans for manufacturing and industrial building construction? An SBA loan may be just what you've been looking for. This $40,000 manufacturing and industrial building construction loan was issued by an Illinois bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with 1st National Bank In Tremont, out of Tremont, Illinois. The loan was granted and they received $40,000 to help grow their Tremont, Illinois business.

SBA Loan Borrower

COMPANY TYPE: OPERATIVE BUILDERS
TREMONT, IL 61568

SBA Loan Lender

1ST NATIONAL BANK IN TREMONT
134 S SAMPSON ST
TREMONT, IL 61568

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1531 - Operative Builders

NAICS Code

233310 - Manufacturing and Industrial Building Construction

Loan Approval Date

4/9/2002

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Tremont or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Understanding Dilution

SBA Participating Banks in Tremont, Illinois

Illinois SBA 7A Lenders