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May 16, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Providence, Business Loans > Rbs Citizens Providence Business Loans > Book Publishers Loan | ||||
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How to Get SBA Money in Chicago, Illinois
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Growing Company Gets an Illinois Small Business LoanLooking to get an Illinois bank loan? This Illinois entrepreneur got a bank loan, provided by a Rhode Island bank that works with the SBA to help small business owners. Getting a small business loan in Chicago, Illinois was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Rbs Citizens. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: BOOK PUBLISHERS SBA Loan Lender RBS CITIZENS This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 511130 - Book Publishers Loan Approval Date 12/17/2004 Loan Approval Gross Amount $77,500 Loan Approval from the SBA Of the total $77,500 loan amount, the SBA guaranteed $38,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks in Providence, Rhode Island
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