Real Estate Agents and Brokers Small Business Loans

With these small business loans for real estate agents and brokers, the SBA guarantees the lender that the loan will be repaid. This real estate agents and brokers loan for $50,000 was given to an Illinois entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Breese, Illinois was able to borrow $50,000 from First National Bank In Carlyle. The SBA made the loan possible by guaranteeing $42,500 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS
BREESE, IL 62230

SBA Loan Lender

FIRST NATIONAL BANK IN CARLYLE
891 FAIRFAX ST
CARLYLE, IL 62231

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

6/14/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Breese IL, you ought to talk with a local Breese SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Breese businesses.

We can help you find the best banks for small businesses in Breese 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:

Determining Proper Capital Structure for a Business

Small Business Banks in Carlyle, Illinois

Illinois SBA Bank Lenders