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May 8, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Rockford, Business Loans > Amcore Bank Rockford Business Loans > Plastics Material And Resin Manufacturing Loan | ||||
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How to Get SBA Loans in Richmond, Illinois
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Where to Get Capital for Plastics Material and Resin ManufacturingWith these small business loans for plastics material and resin manufacturing, the SBA guarantees the lender that the loan will be repaid. This plastics material and resin manufacturing loan for $350,000 was given to an Illinois entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Richmond, Illinois was able to borrow $350,000 from Amcore Bank. The SBA made the loan possible by guaranteeing $262,500 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: PLASTICS MATERIAL AND RESIN MANUFACTURING SBA Loan Lender AMCORE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325211 - Plastics Material and Resin Manufacturing Loan Approval Date 11/16/2001 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 21 employees. The SBA loan documents indicated that the loan would help generate 14 new jobs and retain 21 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Amcore 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: Best Banks in Rockford, Illinois
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