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May 18, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Rockford, Business Loans > Stillman Banccorp Rockford Business Loans > Commercial And Service Industry Machinery Manufacturing Loan | ||||
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SBA 7A Banks in Illinois
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Get an SBA Loan for Commercial and Service Industry Machinery ManufacturingLooking for bank loans for commercial and service industry machinery manufacturing? Try the SBA. This $935,589 commercial and service industry machinery manufacturing loan was issued by an Illinois bank. Getting a small business loan in Rockford, Illinois was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Stillman Banccorp, operating out of Rockford, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND SERVICE INDUSTRY MACHINERY MANUFACTURING SBA Loan Lender STILLMAN BANCCORP The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333319 - Commercial and Service Industry Machinery Manufacturing Loan Approval Date 4/27/2005 Loan Approval Gross Amount $935,589 Loan Approval from the SBA Of the total $935,589 loan amount, the SBA guaranteed $701,692. 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 31 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Stillman Banccorp 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: Small Business Banks in Rockford, Illinois
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