First Dupage Bank SBA Loan to Lawn And Garden Services Company

First Dupage Bank has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Westmont, Illinois, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was First Dupage Bank, based in Westmont, Illinois.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
WESTMONT, IL 60559

SBA Loan Lender

FIRST DUPAGE BANK
520 N CASS AVE
WESTMONT, IL 60559

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

9/21/2001

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Westmont IL, you ought to talk with a local Westmont SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Westmont businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Dupage Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Dupage Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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