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May 13, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Beloit, Business Loans > 1st National Bank & Trust Beloit Business Loans > Recreational Vehicle Dealers Loan | ||||
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Get an SBA 7A Loan in South Beloit, Illinois
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1st National Bank & Trust Gives Business Loan to Recreational Vehicle Dealers CompanyIllinoisBusiness loans are available to Illinois business owners through the SBA. In this case, a Wisconsin bank provides the loan. By giving the right information to 1st National Bank & Trust, this South Beloit, Illinois business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: RECREATIONAL VEHICLE DEALERS SBA Loan Lender 1ST NATIONAL BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5561 - Recreational Vehicle Dealers NAICS Code 441210 - Recreational Vehicle Dealers Loan Approval Date 1/14/2004 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $140,000. 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. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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: Who Lends Money to Small Businesses in Beloit, Wisconsin
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