Raising Money for Baked Goods Stores
With these bank loans for baked goods stores, the SBA guarantees the lender that the loan will be repaid. This baked goods stores loan for $400,000 was given to an Illinois entrepreneur in 2005.
Getting a small business loan in Peoria, Illinois was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from South Side Tr & Savings Bank - P, operating out of Peoria, Illinois. Here are the details on this Illinois small business loan.
SBA Loan Borrower
COMPANY TYPE: RETAIL BAKERIES
PEORIA, IL 61614
SBA Loan Lender
SOUTH SIDE TR & SAVINGS BANK - P
2119 SW ADAMS ST
PEORIA, IL 61602
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5461 - Retail Bakeries
NAICS Code
445291 - Baked Goods Stores
Loan Approval Date
9/26/2005
Loan Approval Gross Amount
$400,000
Loan Approval from the SBA
Of the total $400,000 loan amount, the SBA guaranteed $300,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 46 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Understanding Dilution
Find an SBA Lender in Peoria, Illinois
Illinois SBA 7A Lenders