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May 18, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Kankakee, Business Loans > Centrue Bank Kankakee Business Loans > Special Trade Contractors Loan | ||||
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IL SBA Loans from Centrue Bank
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Centrue Bank SBA Loan to Special Trade Contractors CompanyAn SBA loan from Centrue Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bourbonnais, Illinois business owner got a $250,000 loan. This business knew how to go about getting a business bank loan. Based in Bourbonnais, Illinois, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Centrue Bank, based in Kankakee, Illinois. SBA Loan Borrower COMPANY TYPE: SPECIAL TRADE CONTRACTORS SBA Loan Lender CENTRUE BANK The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 235990 - Special Trade Contractors Loan Approval Date 6/27/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 43 employees. The SBA loan application for the borrower indicated that the loan would help retain 43 existing jobs. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Obtaining Funding - How to Borrow Money Find an SBA Lender in Kankakee, Illinois
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