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May 4, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Chicago, Business Loans > Banco Popular North America Chicago Business Loans > Wrecking And Demolition Contractors Loan | ||||
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Banks in Chicago, Illinois That Make SBA Loans
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Chicago, Illinois Lender Lends Money to Wrecking And Demolition Contractors CompanyA Chicago, Illinois small business loan can be yours. Learn how a business got a $150,000 business loan from this Illinois bank. This loan to a local firm is a good example of an SBA loan. Banco Popular North America made the loan and the SBA guaranteed a portion of the loan. Many other Illinois entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: WRECKING AND DEMOLITION CONTRACTORS SBA Loan Lender BANCO POPULAR NORTH AMERICA SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235940 - Wrecking and Demolition Contractors Loan Approval Date 7/29/2002 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 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. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Chicago 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: Good Banks for Small Business in Chicago, Illinois Where to Get an SBA Loan Illinois
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