SBA Loan from Merchants & Mfr. Bk Helps Auto And Home Supply Stores Company

Merchants & Mfr. Bk has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Merchants & Mfr. Bk, out of Channahon, Illinois. The loan was granted and they received $360,500 to help grow their Villa Park, Illinois business.

SBA Loan Borrower

COMPANY TYPE: AUTO AND HOME SUPPLY STORES
VILLA PARK, IL 60181

SBA Loan Lender

MERCHANTS & MFR. BK
25140 W CHANNON DR
CHANNAHON, IL 60410

This SBA small business 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

5531 - Auto and Home Supply Stores

Loan Approval Date

4/5/2000

Loan Approval Gross Amount

$360,500

Loan Approval from the SBA

Of the total $360,500 loan amount, the SBA guaranteed $270,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Villa Park IL, you ought to talk with a local Villa Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Villa Park businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Strategic Investors

Where to Get an SBA Loan in Channahon, Illinois

Illinois SBA Banks