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May 18, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Danville, Business Loans > First Midwest Bank Danville Business Loans > Quick Printing Loan | ||||
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How Do We Get a Business Loan in Danville, Illinois?
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Getting an SBA Loan for Quick PrintingLooking for commercial loans for quick printing? An SBA loan may be just what you've been looking for. This $150,000 quick printing loan was issued by an Illinois bank. This business knew how to go about getting a business bank loan. Based in Danville, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Midwest Bank, based in Danville, Illinois. SBA Loan Borrower COMPANY TYPE: QUICK PRINTING SBA Loan Lender FIRST MIDWEST BANK This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323114 - Quick Printing Loan Approval Date 12/3/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money We can help you find the best banks for small businesses in Danville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Danville, Illinois
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