Company Gets an Illinois Small Business Loan

Would an Illinois SBA loan help your business get to the next level? If so, you may want to talk with this Missouri bank, which offers SBA loans to Illinois entrepreneurs.

Getting a small business loan in Swansea, Illinois was a top priority for this particular business back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: JEWELRY MANUFACTURING
Swansea, IL 62226

SBA Loan Lender

COMMERCE BANK
1000 WALNUT ST
KANSAS CITY, MO 64141

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339911 - Jewelry Manufacturing

Loan Approval Date

1/9/2008

Loan Approval Gross Amount

$116,700

Loan Approval from the SBA

Of the total $116,700 loan amount, the SBA guaranteed $99,195.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Commerce Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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