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April 27, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Highland, Business Loans > The Bank Of Edwardsville Highland Business Loans > Grocery Stores Loan | ||||
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Illinois Bank SBA Loans
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The Bank Of Edwardsville SBA Loan to Grocery Stores CompanyLooking to get an Illinois SBA loan? Here's one Illinois business loan that was approved by the SBA. This small business needed an SBA business loan in Scott Afb, Illinois back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from The Bank Of Edwardsville, operating out of Highland, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender THE BANK OF EDWARDSVILLE This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores Loan Approval Date 1/5/2000 Loan Approval Gross Amount $46,000 Loan Approval from the SBA Of the total $46,000 loan amount, the SBA guaranteed $36,800. 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 3 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best Highland, Illinois Banks for Small Business
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