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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Elgin, Business Loans > Union National Bank Elgin Business Loans > Semiconductor Machinery Manufacturing Loan | ||||
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Elgin, Illinois SBA Lenders
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Elgin, Illinois Bank Gives SBA Loan to Semiconductor Machinery Manufacturing CompanyWant to talk with an Elgin, Illinois bank about an SBA loan? Here's one Illinois business loan, issued by an Elgin bank, that was approved by the SBA. Applying for an SBA loan with Union National Bank worked out well for our friends at one local firm in Wauconda, Illinois. They got an SBA loan for $125,000. Way to go! SBA Loan Borrower COMPANY TYPE: SEMICONDUCTOR MACHINERY MANUFACTURING SBA Loan Lender UNION NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333295 - Semiconductor Machinery Manufacturing Loan Approval Date 5/9/2001 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $93,750. 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 14 employees. The SBA loan application for the borrower indicated that the loan would help retain 14 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $125,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Find an SBA Lender in Elgin, Illinois
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