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April 25, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Fort Myers, Business Loans > Busey Bank Fort Myers Business Loans > Limited-Service Restaurants Loan | ||||
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Raising Money in Peoria, Illinois With SBA Loans
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Raising Money for Limited-Service RestaurantsLooking for business loans for limited-service restaurants? The SBA may be the answer. This $300,000 limited-service restaurants loan was issued by a Florida bank. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Busey Bank, out of Fort Myers, Florida. The loan was granted and they received $300,000 to help grow their Peoria, Illinois business. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender BUSEY BANK This lender provides SBA debt financing 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 722211 - Limited-Service Restaurants Loan Approval Date 11/1/2001 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 38 employees. The SBA loan application for the borrower indicated that the funding would help create 12 new jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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. Related Links: Microlending as a Small Business Funding Source SBA Participating Banks in Fort Myers, Florida
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