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May 19, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Green Bay, Business Loans > Associated Bank Green Bay Business Loans > Sporting Goods Stores Loan | ||||
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IL Small Business Loans from Associated Bank
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Washington, Illinois Business Gets SBA-Guaranteed Funding from Associated BankAssociated Bank has a track record as a leading provider of SBA loans. Find out how this Illinois entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Washington, Illinois was able to borrow $201,000 from Associated Bank. The SBA made the loan possible by guaranteeing $150,750 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES SBA Loan Lender ASSOCIATED 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. NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 2/21/2006 Loan Approval Gross Amount $201,000 Loan Approval from the SBA Of the total $201,000 loan amount, the SBA guaranteed $150,750. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Associated Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Green Bay, Wisconsin Banks for Small Business
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