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May 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Elk Grove Village, Business Loans > First American Bank Elk Grove Village Business Loans > Engineering Services Loan | ||||
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Cedar Rapids, Iowa Bank Loan
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Engineering Services LoansLooking for loans for engineering services? Talk to a banker who works with the SBA. This $50,000 engineering services loan was issued by an Illinois bank. This small firm knew how to go about getting a business bank loan. Based in Cedar Rapids, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First American Bank, based in Elk Grove Village, Illinois. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender FIRST AMERICAN BANK This 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. NAICS Code 541330 - Engineering Services Loan Approval Date 5/19/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $37,500. 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 3 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Cedar Rapids 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: Best Elk Grove Village, Illinois Banks for Small Business
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