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April 29, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Furniture Stores Loan | ||||
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Get an SBA 7A Loan in Chicago, Illinois
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Chicago, Illinois Entrepreneur Gets a Small Business LoanBusiness loans in Illinois are hard to find these days. We take a look at one Illinois business loan, provided by a California bank, that was approved by the SBA. You can learn something about getting a small business loan in Chicago, Illinois by studying this loan to a local business, made back in 2003. Banks like Wachovia Sba Lending, Inc. may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender WACHOVIA SBA LENDING, INC. As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 5/12/2003 Loan Approval Gross Amount $1,160,000 Loan Approval from the SBA Of the total $1,160,000 loan amount, the SBA guaranteed $870,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. The loan application indicated that the loan would help retain 25 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $1,160,000. How would you spend $1,160,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Raising VC Money for Social Networking Companies Best Banks in Roseville, California Where to Get an SBA Loan California
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