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May 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Alsip, Business Loans > Great Lakes Bank Alsip Business Loans > Eating Places Loan | ||||
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Banks for Orland Park, Illinois Small Business Owners
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Full-Service Restaurants LoansLooking for loans for full-service restaurants? Talk to a banker who works with the SBA. This $76,800 full-service restaurants loan was issued by an Illinois bank. This small firm knew how to go about getting a business bank loan. Based in Orland Park, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Great Lakes Bank, based in Alsip, Illinois. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender GREAT LAKES BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 9/30/2002 Loan Approval Gross Amount $76,800 Loan Approval from the SBA Of the total $76,800 loan amount, the SBA guaranteed $65,280. 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 10 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels 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. We can help you find the best banks for small businesses in Orland Park 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: Obtaining Funding - Friends and Family Best Banks for Small Business in Alsip, Illinois
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