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May 18, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Breese, Business Loans > First Bank Breese Business Loans > Heavy And Civil Engineering Construction Loan | ||||
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Banks for Germantown, Illinois Small Businesses
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Financing for Heavy and Civil Engineering ConstructionLooking for commercial loans for heavy and civil engineering construction? Try the SBA. This $120,000 heavy and civil engineering construction loan was issued by an Illinois bank. This business knew how to go about getting a business bank loan. Based in Germantown, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First Bank, based in Breese, Illinois. SBA Loan Borrower COMPANY TYPE: HEAVY AND CIVIL ENGINEERING CONSTRUCTION SBA Loan Lender FIRST BANK This lender issued this particular 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 237990 - Heavy and Civil Engineering Construction Loan Approval Date 6/25/2004 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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: Best Breese, Illinois Banks for Small Business
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