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May 17, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Harrisburg, Business Loans > Peoples National Bank Harrisburg Business Loans > Grocery Stores Loan | ||||
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Illinois Bank SBA Loans
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Entrepreneur Works With Harrisburg, Illinois Bank to Get an SBA LoanThinking about meeting with a Harrisburg, Illinois bank about an SBA loan? Here's one Illinois business loan, issued by a Harrisburg bank, that was approved by the SBA. Applying for an SBA loan with Peoples National Bank worked out well for our friends at one local company in Herod, Illinois. They got an SBA loan for $212,000. Great job! SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender PEOPLES NATIONAL BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 4/18/2005 Loan Approval Gross Amount $212,000 Loan Approval from the SBA Of the total $212,000 loan amount, the SBA guaranteed $159,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: SBA 7A Lenders in Harrisburg, Illinois
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