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May 2, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Geneva, Business Loans > First Choice Bank Geneva Business Loans > Beauty Salons Loan | ||||
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First Choice Bank Business Loans St. Charles, IL
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SBA Loan from First Choice Bank Helps Beauty Salons CompanyAn SBA loan from First Choice Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a St. Charles, Illinois business owner got a $200,000 loan. This growing company knew how to go about getting a business bank loan. Based in St. Charles, Illinois, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was First Choice Bank, based in Geneva, Illinois. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender FIRST CHOICE BANK This SBA loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans 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. NAICS Code 812112 - Beauty Salons Loan Approval Date 9/10/2004 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 6 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in St. Charles or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Bank Loans in Geneva, Illinois
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