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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Elk Grove Village, Business Loans > First Amer Bank Corp Elk Grove Village Business Loans > Electronic And Precision Equipment Repair And Maintenance Loan | ||||
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Business Loans for West Chicago Business Owners
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Electronic and Precision Equipment Repair and Maintenance SBA LoansLooking for SBA loans for electronic and precision equipment repair and maintenance? The SBA may be the answer. This $420,000 electronic and precision equipment repair and maintenance loan was issued by an Illinois bank. Getting a small business loan in West Chicago, Illinois was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First Amer Bank Corp, operating out of Elk Grove Village, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRONIC AND PRECISION EQUIPMENT REPAIR AND MAINTENANCE SBA Loan Lender FIRST AMER BANK CORP This bank loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811219 - Electronic and Precision Equipment Repair and Maintenance Loan Approval Date 3/28/2003 Loan Approval Gross Amount $420,000 Loan Approval from the SBA Of the total $420,000 loan amount, the SBA guaranteed $315,000. 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 4 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 $420,000 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 Elk Grove Village, Illinois
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