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May 10, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Tinley Park, Business Loans > First Midwest Bank Tinley Park Business Loans > Totalizing Fluid Meter And Counting Device Manufacturing Loan | ||||
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Raising Money in Streamwood, Illinois With SBA Loans
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How to Get a Loan for Totalizing Fluid Meter and Counting Device ManufacturingLooking for business loans for totalizing fluid meter and counting device manufacturing? An SBA loan may be just what you've been looking for. This $250,000 totalizing fluid meter and counting device manufacturing loan was issued by an Illinois bank. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Midwest Bank, out of Tinley Park, Illinois. The loan was granted and they received $250,000 to help grow their Streamwood, Illinois business. SBA Loan Borrower COMPANY TYPE: TOTALIZING FLUID METER AND COUNTING DEVICE MANUFACTURING SBA Loan Lender FIRST MIDWEST BANK This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334514 - Totalizing Fluid Meter and Counting Device Manufacturing Loan Approval Date 8/9/2001 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Borrowing Money from Friends and Family Best Banks for Small Business in Tinley Park, Illinois
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