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May 14, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Champaign, Business Loans > Busey Bank Champaign Business Loans > Public Relations Services Loan | ||||
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Bloomington, Illinois Bank for SBA Loans
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Public Relations Agencies LoansWith these loans for public relations agencies, the SBA guarantees the lender that the loan will be repaid. This public relations agencies loan for $46,875 was given to an Illinois entrepreneur in 2003. This small firm knew how to go about getting a business bank loan. Based in Bloomington, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Busey Bank, based in Champaign, Illinois. SBA Loan Borrower COMPANY TYPE: PUBLIC RELATIONS SERVICES SBA Loan Lender BUSEY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8743 - Public Relations Services NAICS Code 541820 - Public Relations Agencies Loan Approval Date 12/31/2003 Loan Approval Gross Amount $46,875 Loan Approval from the SBA Of the total $46,875 loan amount, the SBA guaranteed $39,843. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 18 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Bloomington 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: SBA 7A Banks for Champaign, Illinois Loans
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