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April 27, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Streator, Business Loans > Centrue Bank Streator Business Loans > Recreational Vehicle Parks And Campsites Loan | ||||
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Centrue Bank SBA Loans
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Raising Money for RV Parks and CampgroundsLooking for bank loans for rv parks and campgrounds? The SBA may be the answer. This $420,000 rv parks and campgrounds loan was issued by an Illinois bank. This small firm knew how to go about getting a business bank loan. Based in Sandwich, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Centrue Bank, based in Streator, Illinois. SBA Loan Borrower COMPANY TYPE: RECREATIONAL VEHICLE PARKS AND CAMPSITES SBA Loan Lender CENTRUE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7033 - Recreational Vehicle Parks and Campsites NAICS Code 721211 - RV Parks and Campgrounds Loan Approval Date 4/27/2000 Loan Approval Gross Amount $420,000 Loan Approval from the SBA Of the total $420,000 loan amount, the SBA guaranteed $315,000. 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 loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Who Lends Money to Small Businesses in Streator, Illinois
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