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December 21, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Union, Business Loans > Midwest Bank And Trust Company Union Business Loans > Professional Equipment And Supplies Wholesalers Loan | ||||
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Midwest Bank And Trust Company Business Loans West Dundee, Illinois
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SBA Loan from Midwest Bank And Trust Company Helps Professional Equipment And Supplies Wholesalers CompanyMidwest Bank And Trust Company has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them. This small firm knew how to go about getting a business bank loan. Based in West Dundee, Illinois, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Midwest Bank And Trust Company, based in Union, Illinois. SBA Loan Borrower COMPANY TYPE: PROFESSIONAL EQUIPMENT AND SUPPLIES WHOLESALERS SBA Loan Lender MIDWEST BANK AND TRUST COMPANY This SBA 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. NAICS Code 421490 - Professional Equipment and Supplies Wholesalers Loan Approval Date 1/12/2001 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $450,000. 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 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Midwest Bank And Trust Company and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Lenders in Union, Illinois
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