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May 10, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Kansas City, Business Loans > Commerce Bank Kansas City Business Loans > No Industry Type Specified Loan | ||||
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How to Get an SBA 7A Loan in Belleville, Illinois
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Illinois Small Business Loan Issued to No Industry Type Specified CompanyIllinoisBusiness loans are available to Illinois business owners through the SBA. In this case, a Missouri bank provides the loan. By giving the right information to Commerce Bank, this Belleville, Illinois business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED SBA Loan Lender COMMERCE BANK This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code Loan Approval Date 3/22/2006 Loan Approval Gross Amount $22,000 Loan Approval from the SBA Of the total $22,000 loan amount, the SBA guaranteed $11,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Belleville 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Kansas City, Missouri
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