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May 3, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Bannockburn, Business Loans > National City Bank Bannockburn Business Loans > Limousine Service Loan | ||||
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Bannockburn Bank Loan
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Bannockburn, Illinois Lender Lends Money to Limousine Service CompanyGet business loans from a Bannockburn, Illinois bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. National City Bank is a Bannockburn, Illinois small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Missouri company. SBA Loan Borrower COMPANY TYPE: LIMOUSINE SERVICE SBA Loan Lender NATIONAL CITY BANK The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 485320 - Limousine Service Loan Approval Date 3/15/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, where there is a will, there is a way! 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: Best Banks for Small Business in Bannockburn, Illinois
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