 |
 |
May 11, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Indiana Business Loan Sources > Paris, Business Loans > First Bank & Trust, S.B. Paris Business Loans > Logging Loan | ||||
 |
||||
First Bank & Trust, S.B. SBA Loans
|
||||
 |
Financing for LoggingLooking for loans for logging? The SBA may be the answer. This $256,000 logging loan was issued by an Illinois bank. This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Bank & Trust, S.B., out of Paris, Illinois. The loan was granted and they received $256,000 to help grow their Merom, Indiana business. SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender FIRST BANK & TRUST, S.B. This commercial 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 113310 - Logging Loan Approval Date 5/31/2001 Loan Approval Gross Amount $256,000 Loan Approval from the SBA Of the total $256,000 loan amount, the SBA guaranteed $192,000. 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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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: Obtaining Funding - How to Decide How Much to Raise Best Paris, Illinois Banks for Small Business
|
|
||
|
||||
|
|
||||