Illinois SBA Loan Issued to Sporting Goods Stores And Bicycle Shops Company
Looking to get an Illinois bank loan? This Illinois entrepreneur got a bank loan, provided by an Illinois bank that works with the SBA to help small business owners.
You can learn something about getting a small business loan in Bourbonnais, Illinois by studying this loan to a local company, made back in 2000. Banks like First Trust Bank Of Illinois may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS
BOURBONNAIS, IL 60914
SBA Loan Lender
FIRST TRUST BANK OF ILLINOIS
275 E COURT ST
KANKAKEE, IL 60901
This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5941 - Sporting Goods Stores and Bicycle Shops
NAICS Code
451110 - Sporting Goods Stores
Loan Approval Date
8/29/2000
Loan Approval Gross Amount
$875,000
Loan Approval from the SBA
Of the total $875,000 loan amount, the SBA guaranteed $656,250.
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 24 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Trust Bank Of Illinois had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Trust Bank Of Illinois made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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.
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