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May 8, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Schaumburg, Business Loans > American Chartered Bank Schaumburg Business Loans > Metal Stamping Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Metal Stamping Small Business LoansWith these small business loans for metal stamping, the SBA guarantees the lender that the loan will be repaid. This metal stamping loan for $955,720 was given to an Illinois entrepreneur in 2002. This company knew how to go about getting a business bank loan. Based in Arlington Heights, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was American Chartered Bank, based in Schaumburg, Illinois. SBA Loan Borrower COMPANY TYPE: METAL STAMPING SBA Loan Lender AMERICAN CHARTERED BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332116 - Metal Stamping Loan Approval Date 2/12/2002 Loan Approval Gross Amount $955,720 Loan Approval from the SBA Of the total $955,720 loan amount, the SBA guaranteed $716,790. 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 44 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Obtaining Funding - Getting Venture Capital Who Lends Money to Small Businesses in Schaumburg, Illinois
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