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May 16, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Chicago, Business Loans > Lasalle Bank Chicago Business Loans > Food Manufacturing Loan | ||||
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Business Loans for Geneva Small Business Owners
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Where to Get Capital for Food ManufacturingWith these small business loans for food manufacturing, the SBA guarantees the lender that the loan will be repaid. This food manufacturing loan for $190,500 was given to an Illinois entrepreneur in 2005. This company knew how to go about getting a business bank loan. Based in Geneva, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Lasalle Bank, based in Chicago, Illinois. SBA Loan Borrower COMPANY TYPE: FOOD MANUFACTURING SBA Loan Lender LASALLE BANK This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 311999 - Food Manufacturing Loan Approval Date 12/20/2005 Loan Approval Gross Amount $190,500 Loan Approval from the SBA Of the total $190,500 loan amount, the SBA guaranteed $95,250. 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 no employees. The loan application indicated that the borrowed money would help create 8 new jobs. Getting an SBA Loan For Your Business If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. 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: Microlending as a Small Business Funding Source Best Banks in Chicago, Illinois
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