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May 16, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Lake Forest, Business Loans > Baytree National Bank & Trust Lake Forest Business Loans > Motor Vehicle Supplies And New Parts Wholesalers Loan | ||||
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IL Business Loan from Baytree National Bank & Trust
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Lake Bluff, Illinois Business Gets SBA-Guaranteed Funding from Baytree National Bank & TrustAn SBA loan from Baytree National Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lake Bluff, Illinois business owner got a $375,000 loan. Getting a small business loan in Lake Bluff, Illinois was an essential business goal for this firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Baytree National Bank & Trust, operating out of Lake Forest, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS WHOLESALERS SBA Loan Lender BAYTREE NATIONAL BANK & TRUST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421120 - Motor Vehicle Supplies and New Parts Wholesalers Loan Approval Date 12/19/2002 Loan Approval Gross Amount $375,000 Loan Approval from the SBA Of the total $375,000 loan amount, the SBA guaranteed $281,250. 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 9 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start business in Lake Bluff IL, you ought to talk with a local Lake Bluff SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lake Bluff businesses. This SBA loan was for $375,000. How would you spend $375,000 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: Small Bank Loans in Lake Forest, Illinois
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