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May 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Chicago, Business Loans > Lasalle Bank Chicago Business Loans > Packing And Crating Loan | ||||
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How to Get SBA Loans in Barrington, Illinois
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Raising Money for Packing and CratingLooking for bank loans for packing and crating? The SBA may be the answer. This $265,000 packing and crating loan was issued by an Illinois bank. This company knew how to go about getting a business bank loan. Based in Barrington, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Lasalle Bank, based in Chicago, Illinois. SBA Loan Borrower COMPANY TYPE: PACKING AND CRATING SBA Loan Lender LASALLE 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 loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488991 - Packing and Crating Loan Approval Date 10/3/2002 Loan Approval Gross Amount $265,000 Loan Approval from the SBA Of the total $265,000 loan amount, the SBA guaranteed $198,750. 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. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: SBA Approved Banks in Chicago, Illinois
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