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May 9, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Lincoln, Business Loans > State Bank Of Lincoln Lincoln Business Loans > Job Training And Vocational Rehabilitation Service Loan | ||||
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Illinois Bank SBA Loans
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Entrepreneur Works With Lincoln, Illinois Bank to Get an SBA LoanWant to talk with a Lincoln, Illinois bank about an SBA loan? Here's one Illinois business loan, issued by a Lincoln bank, that was approved by the SBA. Applying for an SBA loan with State Bank Of Lincoln worked out well for our friends at one local company in Lincoln, Illinois. They received an SBA loan for $540,000. Awesome! SBA Loan Borrower COMPANY TYPE: JOB TRAINING AND VOCATIONAL REHABILITATION SERVICE SBA Loan Lender STATE BANK OF LINCOLN The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8331 - Job Training and Vocational Rehabilitation Service NAICS Code 624310 - Vocational Rehabilitation Services Loan Approval Date 7/18/2002 Loan Approval Gross Amount $540,000 Loan Approval from the SBA Of the total $540,000 loan amount, the SBA guaranteed $405,000. 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 10 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start business in Lincoln IL, you ought to talk with a local Lincoln SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lincoln businesses. We can help you find the best banks for small businesses in Lincoln or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Role of Business Plan When Raising Money SBA 7A Banks for Lincoln, Illinois Loans Find an SBA Lender in Illinois
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