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May 18, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Grant Park, Business Loans > 1st National Bank - Grant Pk Grant Park Business Loans > Store Retailers Loan | ||||
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Banks in Grant Park, Illinois That Make SBA Loans
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Entrepreneur Works With Grant Park, Illinois Bank to Get an SBA LoanA Grant Park, Illinois small business loan can be yours. Learn how a business got a $30,000 business loan from this Illinois bank. This loan to an entrepreneur is a good example of an SBA loan. 1st National Bank - Grant Pk made the loan and the SBA guaranteed a portion of the loan. Many other Illinois entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender 1ST NATIONAL BANK - GRANT PK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 4/5/2002 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. 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 only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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: Good Banks for Small Business in Grant Park, Illinois
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