 |
 |
May 16, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Illinois Business Loan Sources > Chicago, Business Loans > Lasalle Bank Chicago Business Loans > Newspaper Loan | ||||
 |
||||
Lasalle Bank Small Business Loan
|
||||
 |
Commercial Loans for Newspaper PublishersWith these commercial loans for newspaper publishers, the SBA guarantees the lender that the loan will be repaid. This newspaper publishers loan for $42,700 was given to an Illinois entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chicago, Illinois was able to borrow $42,700 from Lasalle Bank. The SBA made the loan possible by guaranteeing $21,350 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: NEWSPAPER SBA Loan Lender LASALLE BANK 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. SIC Code 2711 - Newspaper NAICS Code 511110 - Newspaper Publishers Loan Approval Date 2/28/2000 Loan Approval Gross Amount $42,700 Loan Approval from the SBA Of the total $42,700 loan amount, the SBA guaranteed $21,350. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 9 new jobs and retain 9 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Lasalle Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Chicago, Illinois Browse All Business Loan Sources for Illinois
|
|
||
|
||||
|
|
||||