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May 14, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Norridge, Business Loans > Plaza Bank Norridge Business Loans > Full-Service Restaurants Loan | ||||
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SBA Lenders Illinois
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Norridge, Illinois Bank Lends Money to Full-Service Restaurants Company in Elgin, IllinoisA Norridge, Illinois SBA loan can be yours. Learn how a company got a $205,000 business loan from this Illinois bank. This loan to a local firm is a good example of an SBA loan. Plaza Bank 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: FULL-SERVICE RESTAURANTS SBA Loan Lender PLAZA BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/4/2004 Loan Approval Gross Amount $205,000 Loan Approval from the SBA Of the total $205,000 loan amount, the SBA guaranteed $153,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a company in Elgin IL, you ought to talk with a local Elgin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elgin businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Plaza Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Realistic Debt Financing Options Where to Get an SBA Loan in Norridge, Illinois
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