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May 16, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Naperville, Business Loans > Mutual Bank Naperville Business Loans > Car Washes Loan | ||||
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Mutual Bank Business Loans Lemont, IL
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Mutual Bank SBA Loan to Car Washes CompanyAn SBA loan from Mutual Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lemont, Illinois business owner got a $550,000 loan. This growing company knew how to go about getting a business bank loan. Based in Lemont, Illinois, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Mutual Bank, based in Naperville, Illinois. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender MUTUAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 11/22/2002 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 13 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start business in Lemont IL, you ought to talk with a local Lemont SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lemont businesses. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Banks in Naperville, Illinois
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