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May 1, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Bridgeview, Business Loans > Bridgeview Bank Group Bridgeview Business Loans > Drinking Places Loan | ||||
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Bridgeview, Illinois SBA Banks
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Bridgeview, Illinois Bank Lends Money to Drinking Places Company in Chicago, IllinoisGet to know Bridgeview, Illinois banks that specialize in small business loans and know how to work with entrepreneurs. Bridgeview Bank Group is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Chicago, Illinois starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Bridgeview Bank Group. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender BRIDGEVIEW BANK GROUP The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 12/15/2003 Loan Approval Gross Amount $330,000 Loan Approval from the SBA Of the total $330,000 loan amount, the SBA guaranteed $247,500. 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 17 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $330,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Good Banks for Small Business in Bridgeview, Illinois
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