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May 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Orland Park, Business Loans > Bankfinancial, Fsb Orland Park Business Loans > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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Advice for Small Businesses On Getting a Loan
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Get an SBA Loan for Automotive Body, Paint, and Interior Repair and MaintenanceLooking for bank loans for automotive body, paint, and interior repair and maintenance? Talk to a banker who works with the SBA. This $360,000 automotive body, paint, and interior repair and maintenance loan was issued by an Illinois bank. This company knew how to go about getting a business bank loan. Based in Crest Hill, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bankfinancial, Fsb, based in Orland Park, Illinois. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender BANKFINANCIAL, FSB The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 12/18/2001 Loan Approval Gross Amount $360,000 Loan Approval from the SBA Of the total $360,000 loan amount, the SBA guaranteed $270,000. 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 6 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $360,000 loan. Remember, things become real when you believe you can achieve them! 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 - How to Borrow Money Where to Get an SBA Loan in Orland Park, Illinois SBA Participating Banks in Illinois
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