Morton, Illinois Bank Lends Money to Potato Chips, Corn Chips, And Similar Snacks Company in Morton, Illinois

Get SBA loans from a Morton, Illinois bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Morton Community Bank is a Morton, Illinois small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Illinois company.

SBA Loan Borrower

COMPANY TYPE: POTATO CHIPS, CORN CHIPS, AND SIMILAR SNACKS
MORTON, IL 61550

SBA Loan Lender

MORTON COMMUNITY BANK
721 W JACKSON ST
MORTON, IL 61550

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2096 - Potato Chips, Corn Chips, and Similar Snacks

NAICS Code

311919 - Snack Food Manufacturing

Loan Approval Date

1/23/2003

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 7 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

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