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January 20, 2025 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Rockford, Business Loans > Amcore Bank Rockford Business Loans > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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Amcore Bank SBA Loans
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Financing for Automotive Body, Paint, and Interior Repair and MaintenanceLooking for loans for automotive body, paint, and interior repair and maintenance? Talk to a banker who works with the SBA. This $304,000 automotive body, paint, and interior repair and maintenance loan was issued by an Illinois bank. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Amcore Bank, out of Rockford, Illinois. The loan was granted and they received $304,000 to help grow their Woodstock, Illinois business. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender AMCORE BANK This debt financing was provided by a lender 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 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 1/16/2004 Loan Approval Gross Amount $304,000 Loan Approval from the SBA Of the total $304,000 loan amount, the SBA guaranteed $228,000. 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 23 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Amcore 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: Obtaining Funding From a Venture Capitalist Best Rockford, Illinois Banks for Small Business
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