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May 19, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Mount Vernon, Business Loans > Fifth Third Bank Mount Vernon Business Loans > Lumber And Other Building Materials Dealer Loan | ||||
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I Need an SBA Loan in Mt. Vernon, Illinois
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Business Loans for Home CentersLooking for business loans for home centers? Talk to a banker who works with the SBA. This $40,000 home centers loan was issued by an Illinois bank. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Fifth Third Bank, out of Mount Vernon, Illinois. The loan was granted and they received $40,000 to help grow their Mt. Vernon, Illinois business. SBA Loan Borrower COMPANY TYPE: LUMBER AND OTHER BUILDING MATERIALS DEALER SBA Loan Lender FIFTH THIRD BANK This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5211 - Lumber and Other Building Materials Dealer NAICS Code 444110 - Home Centers Loan Approval Date 5/29/2003 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5211 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a company in Mt. Vernon IL, you ought to talk with a local Mt. Vernon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mt. Vernon businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Fifth Third Bank and they will explain how you can get an SBA loan for your company. 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 in Mount Vernon, Illinois
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