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May 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Kansas City, Business Loans > Commerce Bank Kansas City Business Loans > General Long-Distance Freight Trucking Loan | ||||
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Illinois Small Business Loans from Commerce Bank
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Commerce Bank SBA Loan to General Long-Distance Freight Trucking CompanyCommerce Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Illinois entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Metamora, Illinois was able to borrow $64,100 from Commerce Bank. The SBA made the loan possible by guaranteeing $32,050 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender COMMERCE BANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 484121 - General Long-Distance Freight Trucking Loan Approval Date 1/13/2006 Loan Approval Gross Amount $64,100 Loan Approval from the SBA Of the total $64,100 loan amount, the SBA guaranteed $32,050. More Information on This SBA Loan The borrower borrowed this money for an existing 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. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: SBA Participating Banks in Kansas City, Missouri Where to Get an SBA Loan Missouri
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