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May 14, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Bettendorf, Business Loans > Quad City Bank & Trust Bettendorf Business Loans > Commercial Art And Graphic Design Loan | ||||
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Small Business Banks in Illinois
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Financing for Graphic Design ServicesLooking for commercial loans for graphic design services? Talk to a banker who works with the SBA. This $65,000 graphic design services loan was issued by an Iowa bank. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Quad City Bank & Trust, out of Bettendorf, Iowa. The loan was granted and they received $65,000 to help grow their Rock Island, Illinois business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL ART AND GRAPHIC DESIGN SBA Loan Lender QUAD CITY BANK & TRUST This lender issued this particular business 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 7336 - Commercial Art and Graphic Design NAICS Code 541430 - Graphic Design Services Loan Approval Date 6/20/2000 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $52,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $65,000 loan. Remember, feel the fear, and do it anyway. 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: SBA 7A Lenders in Bettendorf, Iowa
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