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May 5, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Hotels And Motels Loan | ||||
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Get an SBA 7A Loan in Joliet, Illinois
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Company Gets an Illinois Bank LoanSBA loans in Illinois are are few and far betweeen these days. We take a look at one Illinois SBA loan, provided by a California bank, that was approved by the SBA. This small business, based in Joliet, Illinois, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Of The West. We've got the inside scoop on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender BANK OF THE WEST This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 3/27/2001 Loan Approval Gross Amount $1,176,000 Loan Approval from the SBA Of the total $1,176,000 loan amount, the SBA guaranteed $882,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of The West and they will explain how you can get an SBA loan for your company. 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: SBA 7A Banks in Truckee, California
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