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May 9, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Beardstown, Business Loans > First State Bank Of Beardstown Beardstown Business Loans > Eating Places Loan | ||||
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SBA Lender Beardstown
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Beardstown, Illinois Bank Gives SBA Loan to Eating Places CompanyA Beardstown, Illinois small business loan can be yours. Learn how a company got a $500,000 business loan from this Illinois bank. This loan to an entrepreneur is a good example of an SBA loan. First State Bank Of Beardstown made the loan and the SBA guaranteed a portion of the loan. Many other Illinois entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FIRST STATE BANK OF BEARDSTOWN The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 711110 - Theater Companies and Dinner Theaters Loan Approval Date 5/13/2003 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 28 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First State Bank Of Beardstown that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 From a Venture Capitalist Best Banks for Small Business in Beardstown, Illinois
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