Wilmette, Illinois Business Gets SBA-Guaranteed Funding from Edens Bank

An SBA loan from Edens Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wilmette, Illinois business owner got a $40,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Edens Bank, out of Wilmette, Illinois. The loan was granted and they received $40,000 to help grow their Wilmette, Illinois business.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
WILMETTE, IL 60091

SBA Loan Lender

EDENS BANK
3245 W LAKE AVE
WILMETTE, IL 60091

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

9/21/2004

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 4 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a company in Wilmette IL, you ought to talk with a local Wilmette SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wilmette businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Edens Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Cash Advances

Find an SBA Lender in Wilmette, Illinois

Browse All Business Loan Sources for Illinois