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May 1, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Geneva, Business Loans > First Choice Bank Geneva Business Loans > Excavation Contractors Loan | ||||
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Gilberts, Illinois Bank for SBA Loans
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Getting an SBA Loan for Excavation ContractorsLooking for business loans for excavation contractors? The SBA may be the answer. This $535,377 excavation contractors loan was issued by an Illinois bank. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Choice Bank, out of Geneva, Illinois. The loan was granted and they received $535,377 to help grow their Gilberts, Illinois business. SBA Loan Borrower COMPANY TYPE: EXCAVATION CONTRACTORS SBA Loan Lender FIRST CHOICE BANK This small business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235930 - Excavation Contractors Loan Approval Date 4/16/2004 Loan Approval Gross Amount $535,377 Loan Approval from the SBA Of the total $535,377 loan amount, the SBA guaranteed $401,533. More Information on This SBA Loan The borrower borrowed this money for an existing 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 26 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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:
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