Getting an SBA Loan for Drinking Places

Looking for commercial loans for drinking places? Try the SBA. This $616,751 drinking places loan was issued by an Illinois bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wood Dale, Illinois was able to borrow $616,751 from American Enterprise Bank. The SBA made the loan possible by guaranteeing $462,563 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
WOOD DALE, IL 60191

SBA Loan Lender

AMERICAN ENTERPRISE BANK
600 N BUFFALO GROVE RD
BUFFALO GROVE, IL 60089

This debt financing was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA provides a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

1/15/2004

Loan Approval Gross Amount

$616,751

Loan Approval from the SBA

Of the total $616,751 loan amount, the SBA guaranteed $462,563.

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 17 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Wood Dale IL, you ought to talk with a local Wood Dale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wood Dale businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $616,751 loan. Remember, feel the fear, and do it anyway.

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 Line of Credit

SBA Banks in Buffalo Grove, Illinois

Illinois SBA Bank Lenders