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April 27, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Kankakee, Business Loans > First Trust Bank Of Illinois Kankakee Business Loans > Sporting Goods Stores And Bicycle Shops Loan | ||||
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Illinois Small Business SBA Loans
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Illinois SBA Loan Issued to Sporting Goods Stores And Bicycle Shops CompanyLooking to get an Illinois bank loan? This Illinois entrepreneur got a bank loan, provided by an Illinois bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Bourbonnais, Illinois by studying this loan to a local company, made back in 2000. Banks like First Trust Bank Of Illinois may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS SBA Loan Lender FIRST TRUST BANK OF ILLINOIS This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5941 - Sporting Goods Stores and Bicycle Shops NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 8/29/2000 Loan Approval Gross Amount $875,000 Loan Approval from the SBA Of the total $875,000 loan amount, the SBA guaranteed $656,250. 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 24 employees. The loan application did not indicate that the business promised 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 a business or need money to grow a business, an SBA loan can be a great way to raise money The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Trust Bank Of Illinois had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Trust Bank Of Illinois made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Find an SBA Lender in Kankakee, Illinois Browse All Business Loan Sources for Illinois
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