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April 29, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Chicago, Business Loans > Lasalle Bank Chicago Business Loans > Diet And Weight Reducing Centers Loan | ||||
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Banks for Skokie Business Owners
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Illinois Business Loan Issued to Diet And Weight Reducing Centers CompanyIllinoisBank loans are available to Illinois firms through the SBA. In this case, an Illinois bank provides the loan. You can learn something about getting a small business loan in Skokie, Illinois by studying this loan to a local company, made back in 2007. Banks like Lasalle Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: DIET AND WEIGHT REDUCING CENTERS SBA Loan Lender LASALLE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812191 - Diet and Weight Reducing Centers Loan Approval Date 5/24/2007 Loan Approval Gross Amount $292,000 Loan Approval from the SBA Of the total $292,000 loan amount, the SBA guaranteed $146,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: The Friends and Family Network Best Chicago, Illinois Banks for Small Business
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