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May 7, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Las Vegas, Business Loans > Citibank Las Vegas Business Loans > Coffee And Tea Manufacturing Loan | ||||
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I Need an SBA Loan in Cook, Illinois
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Small Business Loans for Coffee and Tea ManufacturingWith these small business loans for coffee and tea manufacturing, the SBA guarantees the lender that the loan will be repaid. This coffee and tea manufacturing loan for $12,000 was given to an Illinois entrepreneur in 2006. This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Citibank, out of Las Vegas, Nevada. The loan was granted and they received $12,000 to help grow their Cook, Illinois business. SBA Loan Borrower COMPANY TYPE: COFFEE AND TEA MANUFACTURING SBA Loan Lender CITIBANK The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 311920 - Coffee and Tea Manufacturing Loan Approval Date 10/25/2006 Loan Approval Gross Amount $12,000 Loan Approval from the SBA Of the total $12,000 loan amount, the SBA guaranteed $6,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $12,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Banks for Small Business in Las Vegas, Nevada
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