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May 17, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Springfield, Business Loans > Marine Bank, Springfield Springfield Business Loans > Livestock Loan | ||||
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Marine Bank, Springfield
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Rushville, Illinois Business Gets SBA-Guaranteed Funding from Marine Bank, SpringfieldMarine Bank, Springfield and the SBA work together to get business loans for growing small businesses. Here's an example of how an Illinois entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Rushville, Illinois was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Marine Bank, Springfield, operating out of Springfield, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: LIVESTOCK SBA Loan Lender MARINE BANK, SPRINGFIELD This SBA small business loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5154 - Livestock NAICS Code 311611 - Animal Slaughtering Loan Approval Date 11/21/2000 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 only one employee. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Marine Bank, Springfield and they will explain how you can get an SBA loan for your company. 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: Find an SBA Lender in Springfield, Illinois Browse All Business Loan Sources for Illinois
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