Get an SBA Loan for Durable Goods Merchant Wholesalers

With these small business loans for durable goods merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This durable goods merchant wholesalers loan for $900,000 was given to an Illinois entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Wheeling, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Park National Bank, based in Chicago, Illinois.

SBA Loan Borrower

COMPANY TYPE: DURABLE GOODS MERCHANT WHOLESALERS
WHEELING, IL 60090

SBA Loan Lender

PARK NATIONAL BANK
3515 W IRVING PARK RD
CHICAGO, IL 60618

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423990 - Durable Goods Merchant Wholesalers

Loan Approval Date

4/26/2007

Loan Approval Gross Amount

$900,000

Loan Approval from the SBA

Of the total $900,000 loan amount, the SBA guaranteed $675,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The SBA loan application for the borrower indicated that the loan would help retain 13 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Wheeling IL, you ought to talk with a local Wheeling SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wheeling businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Park National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

How Equity Dilution Works

SBA Participating Banks in Chicago, Illinois

Illinois SBA 7A Banks