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May 11, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Metal Stamping Loan | ||||
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Business Loan Center, LLC SBA Loans
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Cary, Illinois Business Gets SBA-Guaranteed Funding from Business Loan Center, LLCBusiness Loan Center, LLC and the SBA work together to get business loans for growing small businesses. Here's an example of how an Illinois entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cary, Illinois was able to borrow $618,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $463,500 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: METAL STAMPING SBA Loan Lender BUSINESS LOAN CENTER, LLC When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program is designed to ensure fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332116 - Metal Stamping Loan Approval Date 1/28/2002 Loan Approval Gross Amount $618,000 Loan Approval from the SBA Of the total $618,000 loan amount, the SBA guaranteed $463,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Loan Center, LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Who Lends Money to Small Businesses in Richmond, Virginia
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