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May 9, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Belleville, Business Loans > Associated Bank Belleville Business Loans > Amusement And Recreation Services Loan | ||||
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Banks Doing SBA Loans in Illinois
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Belleville, Illinois Lender Lends Money to Amusement And Recreation Services CompanyWant to talk with a Belleville, Illinois bank about a small business loan? Here's one Illinois business loan, issued by a Belleville bank, that was approved by the SBA. Applying for an SBA loan with Associated Bank worked out well for our friends at one local company in Belleville, Illinois. They got an SBA loan for $476,381. Nice! SBA Loan Borrower COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES SBA Loan Lender ASSOCIATED BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7999 - Amusement and Recreation Services NAICS Code 711310 - Promoters of Performing Arts, Sports, and Similar Events with Facilities Loan Approval Date 9/14/2004 Loan Approval Gross Amount $476,381 Loan Approval from the SBA Of the total $476,381 loan amount, the SBA guaranteed $357,286. 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 35 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 - How to Borrow Money Find an SBA Lender in Belleville, Illinois
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