Loan Census Banking News and Information
May 13, 2024  
 
 
  Business Loan Information  
 

I Need a Small Business Loan in Plainfield, Illinois

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Marketing Consulting Services

With these small business loans for marketing consulting services, the SBA guarantees the lender that the loan will be repaid. This marketing consulting services loan for $50,000 was given to an Illinois entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Plainfield, Illinois was able to borrow $50,000 from First Midwest Bank. The SBA made the loan possible by guaranteeing $42,500 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: MANAGEMENT CONSULTING SERVICES
PLAINFIELD, IL 60544

SBA Loan Lender

FIRST MIDWEST BANK
3800 ROCK CREEK BLVD
JOLIET, IL 60431

This lender issued this particular 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

8742 - Management Consulting Services

NAICS Code

541613 - Marketing Consulting Services

Loan Approval Date

1/4/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Advice on Getting a Small Business Loan

SBA Approved Banks in Joliet, Illinois

Where to Get an SBA Loan Illinois