 |
 |
May 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Illinois Business Loan Sources > Effingham, Business Loans > Fifth Third Bank Effingham Business Loans > Water, Sewer, And Utility Lines Loan | ||||
 |
||||
Illinois Bank SBA Loans
|
||||
 |
Effingham, Illinois Bank Gives SBA Loan to Water, Sewer, And Utility Lines CompanyThinking about meeting with an Effingham, Illinois bank about a small business loan? Here's one Illinois business loan, issued by an Effingham bank, that was approved by the SBA. Applying for an SBA loan with Fifth Third Bank worked out well for our friends at one local firm in Effingham, Illinois. They received an SBA loan for $92,600. Great job! SBA Loan Borrower COMPANY TYPE: WATER, SEWER, AND UTILITY LINES SBA Loan Lender FIFTH THIRD BANK This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1623 - Water, Sewer, and Utility Lines Loan Approval Date 5/3/2000 Loan Approval Gross Amount $92,600 Loan Approval from the SBA Of the total $92,600 loan amount, the SBA guaranteed $74,080. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are raising money in Effingham IL, you ought to talk with a local Effingham SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Effingham businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Fifth Third Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Effingham, Illinois Banks for Small Business
|
|
||
|
||||
|
|
||||