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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Champaign, Business Loans > Busey Bank Champaign Business Loans > Drinking Places Loan | ||||
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Champaign SBA Lenders
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Champaign, Illinois Lender Lends Money to Drinking Places CompanyFind 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 SBA Loan Lender BUSEY BANK 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. Related Links: A Company That Helps Entrepreneurs SBA Approved Banks in Champaign, Illinois Getting an SBA Loan in Illinois
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