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May 13, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Philadelphia, Business Loans > Pnc Bank, National Association Philadelphia Business Loans > Wood Container And Pallet Manufacturing Loan | ||||
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Who Lends Money to Addison Entrepreneurs
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Firm Gets an Illinois Small Business LoanSmall business loans in Illinois are are few and far betweeen these days. We take a look at one Illinois small business loan, provided by a Pennsylvania bank, that was approved by the SBA. You can learn something about getting a small business loan in Addison, Illinois by studying this loan to a local company, made back in 2007. Banks like Pnc Bank, National Association may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: WOOD CONTAINER AND PALLET MANUFACTURING SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION 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 321920 - Wood Container and Pallet Manufacturing Loan Approval Date 5/18/2007 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 13 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 14 existing jobs. Next Steps for Getting an SBA Loan If you need business start up money in Addison IL, you ought to talk with a local Addison SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Addison businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $75,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Dealing With Venture Capitalists Who Lends Money to Small Businesses in Philadelphia, Pennsylvania Where to Get an SBA Loan Pennsylvania
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