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May 9, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Schaumburg, Business Loans > American Enterprise Bank Schaumburg Business Loans > Special Die And Tool, Die Set, Jig, And Fixture Manufacturing Loan | ||||
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Raising Money in Buffalo Grove, Illinois With SBA Loans
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Financing for Special Die and Tool, Die Set, Jig, and Fixture ManufacturingLooking for loans for special die and tool, die set, jig, and fixture manufacturing? Try the SBA. This $1,070,223 special die and tool, die set, jig, and fixture manufacturing loan was issued by an Illinois bank. Getting a small business loan in Buffalo Grove, Illinois was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from American Enterprise Bank, operating out of Schaumburg, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: SPECIAL DIE AND TOOL, DIE SET, JIG, AND FIXTURE MANUFACTURING SBA Loan Lender AMERICAN ENTERPRISE BANK This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333514 - Special Die and Tool, Die Set, Jig, and Fixture Manufacturing Loan Approval Date 7/15/2002 Loan Approval Gross Amount $1,070,223 Loan Approval from the SBA Of the total $1,070,223 loan amount, the SBA guaranteed $802,667. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in Buffalo Grove or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Role of Business Plan When Raising Money
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