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May 5, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > Individual And Family Services Loan | ||||
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Illinois Small Business SBA Loans
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Local Business Gets an Illinois Business LoanIllinoisBusiness loans are available to Illinois business owners through the SBA. In this case, a Michigan bank provides the loan. You can learn something about getting a small business loan in Chicago, Illinois by studying this loan to a local business, made back in 2000. Banks like Fifth Third Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: INDIVIDUAL AND FAMILY SERVICES SBA Loan Lender FIFTH THIRD BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624190 - Individual and Family Services Loan Approval Date 10/4/2000 Loan Approval Gross Amount $475,000 Loan Approval from the SBA Of the total $475,000 loan amount, the SBA guaranteed $356,250. 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 2501 employees. The loan application indicated that the loan would help generate 95 new jobs and retain 155 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Accountant's Role in Securing Financing Best Banks for Small Business in Grand Rapids, Michigan Getting an SBA Loan in Michigan
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