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May 14, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Evansville, Business Loans > Fifth Third Bank Evansville Business Loans > Single Family Housing Construction Loan | ||||
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Get an SBA 7A Loan in Bonnie, Illinois
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Growing Company Gets an Illinois SBA LoanIllinoisBank loans are available to Illinois firms through the SBA. In this case, an Indiana bank provides the loan. This business, based in Bonnie, Illinois, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Fifth Third Bank. We've got the inside scoop on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: SINGLE FAMILY HOUSING CONSTRUCTION SBA Loan Lender FIFTH THIRD BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 233210 - Single Family Housing Construction Loan Approval Date 3/1/2004 Loan Approval Gross Amount $19,300 Loan Approval from the SBA Of the total $19,300 loan amount, the SBA guaranteed $16,405. 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 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours 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: Microlending as a Small Business Funding Source SBA 7A Banks in Evansville, Indiana Getting an SBA Loan in Indiana
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