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May 12, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Alpha, Business Loans > Farmers St. Bank - Western Illin Alpha Business Loans > Direct Title Insurance Carriers Loan | ||||
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Aledo, Illinois Bank Loan
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Illinois Bank Loan Issued to Direct Title Insurance Carriers CompanyWould an Illinois bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Illinois bank, which offers SBA loans to Illinois entrepreneurs. This company, based in Aledo, Illinois, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Farmers St. Bank - Western Illin. We've got the inside scoop on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: DIRECT TITLE INSURANCE CARRIERS SBA Loan Lender FARMERS ST. BANK - WESTERN ILLIN The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 524127 - Direct Title Insurance Carriers Loan Approval Date 6/24/2004 Loan Approval Gross Amount $189,000 Loan Approval from the SBA Of the total $189,000 loan amount, the SBA guaranteed $141,750. 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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Aledo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in Alpha, Illinois
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