Peoples Bancorp, Inc. SBA Loan to No Industry Type Specified Company

Looking to get an Illinois SBA loan? Here's one Illinois business loan that was approved by the SBA.

This small business needed an SBA business loan in Round Lake, Illinois back in 2004 and, after submitting their loan application, they were successful in getting an SBA loan from Peoples Bancorp, Inc., operating out of Arlington Heights, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
ROUND LAKE, IL 60073

SBA Loan Lender

PEOPLES BANCORP, INC.
10 S VAIL AVE
ARLINGTON HEIGHTS, IL 60005

This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421320 -

Loan Approval Date

11/19/2004

Loan Approval Gross Amount

$966,118

Loan Approval from the SBA

Of the total $966,118 loan amount, the SBA guaranteed $724,589.

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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Peoples Bancorp, Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Peoples Bancorp, Inc. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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