Entrepreneur Works With New Berlin, Illinois Bank to Get an SBA Loan

Get business loans from a New Berlin, 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.

Warren-Boynton State Bank is a New Berlin, 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: INSURANCE AGENTS AND BROKERS
PALMYRA, IL 62674

SBA Loan Lender

WARREN-BOYNTON STATE BANK
702 W ILLINOIS
NEW BERLIN, IL 62670

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6411 - Insurance Agents and Brokers

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

1/17/2007

Loan Approval Gross Amount

$198,432

Loan Approval from the SBA

Of the total $198,432 loan amount, the SBA guaranteed $148,824.

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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Obtaining Funding - Friends and Family

SBA 7A Banks for New Berlin, Illinois Loans

Getting an SBA Loan in Illinois