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May 6, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Champaign, Business Loans > Busey Bank Champaign Business Loans > Legal Services Loan | ||||
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Champaign Lenders
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Champaign, Illinois Lender Lends Money to Legal Services CompanyWant to talk with a Champaign, Illinois bank about an SBA loan? Here's one Indiana business loan, issued by a Champaign bank, that was approved by the SBA. Applying for an SBA loan with Busey Bank worked out well for our friends at one local company in Indianapolis, Indiana. They received an SBA loan for $402,650. Awesome! SBA Loan Borrower COMPANY TYPE: LEGAL SERVICES SBA Loan Lender BUSEY BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8111 - Legal Services NAICS Code 541110 - Lawyers Loan Approval Date 9/13/2001 Loan Approval Gross Amount $402,650 Loan Approval from the SBA Of the total $402,650 loan amount, the SBA guaranteed $301,988. 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 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you are raising money in Indianapolis IN, you ought to talk with a local Indianapolis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Indianapolis businesses. This SBA loan was for $402,650. How would you spend $402,650 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: Good Banks for Small Business in Champaign, Illinois SBA Participating Banks in Illinois
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