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May 9, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Orland Park, Business Loans > Bankfinancial, Fsb Orland Park Business Loans > No Industry Type Specified Loan | ||||
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Illinois SBA Lenders
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Orland Park, Illinois Lender Lends Money to No Industry Type Specified CompanyAn Orland Park, Illinois business loan can be yours. Learn how a company got a $811,300 business loan from this Illinois bank. This loan to a local firm is a good example of an SBA loan. Bankfinancial, Fsb made the loan and the SBA guaranteed a portion of the loan. Many other Illinois entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED SBA Loan Lender BANKFINANCIAL, FSB SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code Loan Approval Date 12/12/2001 Loan Approval Gross Amount $811,300 Loan Approval from the SBA Of the total $811,300 loan amount, the SBA guaranteed $608,475. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 14 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business 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 Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bankfinancial, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Dealing With Venture Capitalists Best Orland Park, Illinois Banks for Small Business
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