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May 14, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Round Lake Beach, Business Loans > Norstates Bank Round Lake Beach Business Loans > Liquor Stores Loan | ||||
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Get a Business Loan in Niles, Illinois
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Norstates Bank Gives SBA Loan to Liquor Stores CompanySBA loans in Illinois are hard to find these days. We take a look at one Illinois SBA loan, provided by an Illinois bank, that was approved by the SBA. Getting a small business loan in Niles, Illinois was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Norstates Bank. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: LIQUOR STORES SBA Loan Lender NORSTATES BANK 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. SIC Code 5921 - Liquor Stores NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 6/11/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We can help you find the best banks for small businesses in Niles 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: Best Round Lake Beach, Illinois Banks for Small Business Getting a Business Loan in Illinois
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