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May 17, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Carbondale, Business Loans > The Bank Of Carbondale Carbondale Business Loans > Apparel And Accessory Stores Loan | ||||
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The Bank Of Carbondale SBA 7A Loans
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Clothing Accessories Stores Commercial LoansLooking for commercial loans for clothing accessories stores? The SBA may be the answer. This $1,200,000 clothing accessories stores loan was issued by an Illinois bank. This business knew how to go about getting a business bank loan. Based in Marion, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Bank Of Carbondale, based in Carbondale, Illinois. SBA Loan Borrower COMPANY TYPE: APPAREL AND ACCESSORY STORES SBA Loan Lender THE BANK OF CARBONDALE SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5699 - Apparel and Accessory Stores NAICS Code 448150 - Clothing Accessories Stores Loan Approval Date 9/26/2002 Loan Approval Gross Amount $1,200,000 Loan Approval from the SBA Of the total $1,200,000 loan amount, the SBA guaranteed $900,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Banking Deregulation's Effects on Entrepreneurship Best Banks in Carbondale, Illinois
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