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May 13, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Cleveland, Business Loans > National City Bank Cleveland Business Loans > Pet Care Services Loan | ||||
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Getting a Small Business Loan in Oak Park, Illinois
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Oak Park, Illinois Entrepreneur Gets a Business LoanLooking to get an Illinois business loan? This Illinois entrepreneur got a business loan, provided by an Ohio bank that works with the SBA to help small business owners. Getting a small business loan in Oak Park, Illinois was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from National City Bank. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: PET CARE SERVICES SBA Loan Lender NATIONAL CITY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812910 - Pet Care Services Loan Approval Date 1/10/2007 Loan Approval Gross Amount $977,600 Loan Approval from the SBA Of the total $977,600 loan amount, the SBA guaranteed $733,200. 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 only one employee. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Oak Park or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Bank Loans in Cleveland, Ohio Browse All Business Loan Sources for Ohio
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