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May 9, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Edwardsville, Business Loans > First Clover Leaf Bank Edwardsville Business Loans > Jewelry Stores Loan | ||||
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Edwardsville, Illinois SBA Lenders
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Edwardsville, Illinois Lender Lends Money to Jewelry Stores CompanyThinking about meeting with an Edwardsville, Illinois bank about an SBA loan? Here's one Illinois business loan, issued by an Edwardsville bank, that was approved by the SBA. Applying for an SBA loan with First Clover Leaf Bank worked out well for our friends at one local business in Edwardsville, Illinois. They got an SBA loan for $185,000. Sweet! SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender FIRST CLOVER LEAF 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. NAICS Code 448310 - Jewelry Stores Loan Approval Date 6/21/2006 Loan Approval Gross Amount $185,000 Loan Approval from the SBA Of the total $185,000 loan amount, the SBA guaranteed $92,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan If you are working on finding money to start a business in Edwardsville IL, you ought to talk with a local Edwardsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Edwardsville businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Business Banks in Edwardsville, Illinois
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