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May 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Fabricated Pipe And Pipe Fitting Manufacturing Loan | ||||
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Getting a Business Loan in Mundelein, Illinois
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Mundelein, Illinois Entrepreneur Gets a Bank LoanSearching for an Illinois small business loan? This Illinois entrepreneur got a small business loan, provided by a Texas bank that works with the SBA to help small business owners. This small business, based in Mundelein, Illinois, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Comerica Bank. We've got the inside scoop on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: FABRICATED PIPE AND PIPE FITTING MANUFACTURING SBA Loan Lender COMERICA BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332996 - Fabricated Pipe and Pipe Fitting Manufacturing Loan Approval Date 6/22/2005 Loan Approval Gross Amount $784,000 Loan Approval from the SBA Of the total $784,000 loan amount, the SBA guaranteed $588,000. 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 11 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Comerica Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Approved Banks in Dallas, Texas
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