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May 4, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Deerfield, Business Loans > First Midwest Bank Deerfield Business Loans > Radio, Tv, And Consumer Electronics Retailing Loan | ||||
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Banks Doing SBA Loans in Illinois
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Deerfield, Illinois Lender Lends Money to Radio, Tv, And Consumer Electronics Retailing CompanyThinking about meeting with a Deerfield, Illinois bank about a small business loan? Here's one Illinois business loan, issued by a Deerfield bank, that was approved by the SBA. Applying for an SBA loan with First Midwest Bank worked out well for our friends at one local firm in Chicago, Illinois. They received an SBA loan for $150,000. Way to go! SBA Loan Borrower COMPANY TYPE: RADIO, TV, AND CONSUMER ELECTRONICS RETAILING SBA Loan Lender FIRST MIDWEST BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5731 - Radio, TV, and Consumer Electronics Retailing NAICS Code 443112 - Radio, Television, and Electronics Stores Loan Approval Date 6/10/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Obtaining Funding - Getting Venture Capital SBA 7A Banks for Deerfield, Illinois Loans Getting a Business Loan in Illinois
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