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May 8, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Carpentersville, Business Loans > First American Bank Carpentersville Business Loans > Blind And Shade Manufacturing Loan | ||||
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First American Bank
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Hinsdale, Illinois Business Gets SBA-Guaranteed Funding from First American BankAn SBA loan from First American Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hinsdale, Illinois business owner got a $20,000 loan. Getting a small business loan in Hinsdale, Illinois was an essential business goal for this firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First American Bank, operating out of Carpentersville, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: BLIND AND SHADE MANUFACTURING SBA Loan Lender FIRST AMERICAN BANK This business 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. NAICS Code 337920 - Blind and Shade Manufacturing Loan Approval Date 5/4/2007 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $17,000. 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 only one employee. This SBA loan request indicated that the borrowed money would help generate 1 new job. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source We can help you find the best banks for small businesses in Hinsdale or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Banks for Small Business in Carpentersville, Illinois Getting an SBA Loan in Illinois
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