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May 18, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Sycamore, Business Loans > Amer National Bank - De Kalb Cnty Sycamore Business Loans > Sporting Goods Stores And Bicycle Shops Loan | ||||
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Sycamore, Illinois SBA 7A Banks
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Sycamore, Illinois Lender Lends Money to Sporting Goods Stores And Bicycle Shops CompanyThinking about meeting with a Sycamore, Illinois bank about a small business loan? Here's one Illinois business loan, issued by a Sycamore bank, that was approved by the SBA. Applying for an SBA loan with Amer National Bank - De Kalb Cnty worked out well for our friends at one local company in Dekalb, Illinois. The business was able to get an SBA loan for $100,000. Awesome! SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS SBA Loan Lender AMER NATIONAL BANK - DE KALB CNTY This lender issued this particular SBA 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. SIC Code 5941 - Sporting Goods Stores and Bicycle Shops NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 2/16/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 2 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA 7A Banks in Sycamore, Illinois Getting an SBA Loan in Illinois
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