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May 11, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Barrington, Business Loans > Harris National Association Barrington Business Loans > Electrical And Electronic Repair Shops Loan | ||||
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SBA Lenders in Illinois
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SBA Loans for Electronic and Precision Equipment Repair and MaintenanceLooking for SBA loans for electronic and precision equipment repair and maintenance? Try the SBA. This $500,000 electronic and precision equipment repair and maintenance loan was issued by an Illinois bank. Getting a small business loan in Gilberts, Illinois was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Harris National Association, operating out of Barrington, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL AND ELECTRONIC REPAIR SHOPS SBA Loan Lender HARRIS NATIONAL ASSOCIATION This SBA loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA provides a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7629 - Electrical and Electronic Repair Shops NAICS Code 811219 - Electronic and Precision Equipment Repair and Maintenance Loan Approval Date 7/5/2000 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 11 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $500,000. How would you spend $500,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Barrington, Illinois
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