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December 20, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Swansea, Business Loans > First Bank Swansea Business Loans > Services Loan | ||||
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SBA Lender Swansea
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Swansea, Illinois Bank Gives SBA Loan to Services CompanyGet business loans from a Swansea, Illinois bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. First Bank is a Swansea, Illinois small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Illinois company. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender FIRST BANK This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8999 - Services NAICS Code 541620 - Environmental Consulting Services Loan Approval Date 11/5/2002 Loan Approval Gross Amount $283,269 Loan Approval from the SBA Of the total $283,269 loan amount, the SBA guaranteed $212,452. 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 5 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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: Where to Get an SBA Loan in Swansea, Illinois
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