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May 8, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Park Ridge, Business Loans > National City Bank Park Ridge Business Loans > Grain And Field Beans Loan | ||||
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SBA Lender Northbrook, Illinois
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Business Loan from National City Bank Given to Grain And Field Beans CompanyNational City Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Illinois entrepreneur was able to get a loan to take a small business to the next level. This growing company knew how to go about getting a business bank loan. Based in Northbrook, Illinois, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was National City Bank, based in Park Ridge, Illinois. SBA Loan Borrower COMPANY TYPE: GRAIN AND FIELD BEANS SBA Loan Lender NATIONAL CITY BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5153 - Grain and Field Beans NAICS Code 422510 - Grain and Field Bean Wholesalers Loan Approval Date 1/14/2000 Loan Approval Gross Amount $833,333 Loan Approval from the SBA Of the total $833,333 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like National City Bank and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding From a Venture Capitalist Small Bank Loans in Park Ridge, Illinois
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