Champaign, Illinois Lender Lends Money to Drinking Places Company

Find Champaign, Illinois banks that specialize in SBA loans and know how to work with entrepreneurs. Busey Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Urbana, Illinois starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Busey Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
URBANA, IL 61801

SBA Loan Lender

BUSEY BANK
100 W UNIVERSITY AVE
CHAMPAIGN, IL 61820

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

6/28/2000

Loan Approval Gross Amount

$1,224,000

Loan Approval from the SBA

Of the total $1,224,000 loan amount, the SBA guaranteed $749,944.

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 287 employees. The SBA loan application for the borrower indicated that the loan would help retain 287 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

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