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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 > Medical Laboratories Loan | ||||
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Banks in Champaign, Illinois That Make SBA Loans
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Champaign, Illinois Bank Gives SBA Loan to Medical Laboratories CompanyGet small business loans from a Champaign, Illinois bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Busey Bank is a Champaign, Illinois small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Indiana company. SBA Loan Borrower COMPANY TYPE: MEDICAL LABORATORIES SBA Loan Lender BUSEY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621511 - Medical Laboratories Loan Approval Date 6/14/2001 Loan Approval Gross Amount $69,000 Loan Approval from the SBA Of the total $69,000 loan amount, the SBA guaranteed $58,650. 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 31 employees. The SBA loan documents indicated that the loan would help retain 31 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Accountant's Role in Securing Financing Find an SBA Lender in Champaign, Illinois
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