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May 10, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Clarendon Hills, Business Loans > National City Bank Clarendon Hills Business Loans > Electric Services Loan | ||||
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Illinois Bank SBA Loans
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Business Loan from National City Bank Given to Electric Services CompanyNational City Bank has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Huntley, Illinois, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was National City Bank, based in Clarendon Hills, Illinois. SBA Loan Borrower COMPANY TYPE: ELECTRIC SERVICES SBA Loan Lender NATIONAL CITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4911 - Electric Services NAICS Code 221111 - Hydroelectric Power Generation Loan Approval Date 11/19/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Who Lends Money to Small Businesses in Clarendon Hills, Illinois
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