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May 18, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Peoria, Business Loans > South Side Tr & Savings Bank - P Peoria Business Loans > Top And Body Repair And Paint Shops Loan | ||||
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Raising Money in Peoria, Illinois With SBA Loans
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Getting an SBA Loan for Automotive Body, Paint, and Interior Repair and MaintenanceLooking for commercial loans for automotive body, paint, and interior repair and maintenance? The SBA may be the answer. This $70,000 automotive body, paint, and interior repair and maintenance loan was issued by an Illinois bank. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with South Side Tr & Savings Bank - P, out of Peoria, Illinois. The loan was granted and they received $70,000 to help grow their Peoria, Illinois business. SBA Loan Borrower COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS SBA Loan Lender SOUTH SIDE TR & SAVINGS BANK - P This loan for a small business 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 7532 - Top and Body Repair and Paint Shops NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 4/17/2006 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. 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 3 employees. This SBA loan request did not indicate that the SBA funding recipient 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? If you need money to start business in Peoria IL, you ought to talk with a local Peoria SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Peoria businesses. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from South Side Tr & Savings Bank - P so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Raising VC Money for Social Networking Companies Best Banks in Peoria, Illinois
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