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May 18, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Mount Vernon, Business Loans > Peoples National Bank Mount Vernon Business Loans > Flowers, Nursery Stock, And Florists Supplies Loan | ||||
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Illinois Bank SBA Loans
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Peoples National Bank SBA Loan to Flowers, Nursery Stock, And Florists Supplies CompanySearching for an Illinois SBA loan? Here's one Illinois business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Herrin, Illinois, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Peoples National Bank, based in Mount Vernon, Illinois. SBA Loan Borrower COMPANY TYPE: FLOWERS, NURSERY STOCK, AND FLORISTS SUPPLIES SBA Loan Lender PEOPLES NATIONAL BANK This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5193 - Flowers, Nursery Stock, and Florists Supplies Loan Approval Date 2/28/2000 Loan Approval Gross Amount $202,500 Loan Approval from the SBA Of the total $202,500 loan amount, the SBA guaranteed $151,875. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $202,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: How Much Venture Capital Is There? Who Lends Money to Small Businesses in Mount Vernon, Illinois SBA Participating Banks in Illinois
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