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May 21, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Brownstown, Business Loans > 1st National Bank - Brownstown Brownstown Business Loans > Fuel Dealers Loan | ||||
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Business Loans for Saint Elmo Small Business Owners
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Where to Get Capital for Fuel DealersLooking for small business loans for fuel dealers? Try the SBA. This $91,000 fuel dealers loan was issued by an Illinois bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with 1st National Bank - Brownstown, out of Brownstown, Illinois. The loan was granted and they received $91,000 to help grow their Saint Elmo, Illinois business. SBA Loan Borrower COMPANY TYPE: FUEL DEALERS SBA Loan Lender 1ST NATIONAL BANK - BROWNSTOWN This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5989 - Fuel Dealers NAICS Code 454319 - Fuel Dealers Loan Approval Date 4/17/2002 Loan Approval Gross Amount $91,000 Loan Approval from the SBA Of the total $91,000 loan amount, the SBA guaranteed $77,350. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: The Friends and Family Network SBA Approved Banks in Brownstown, Illinois
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