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May 19, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Champaign, Business Loans > Main Street Bank & Trust Champaign Business Loans > Personal Care Services Loan | ||||
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Main Street Bank & Trust
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Main Street Bank & Trust SBA Loan to Personal Care Services CompanyAn SBA loan from Main Street Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Urban, Illinois business owner got a $168,207 loan. Getting a small business loan in Urban, Illinois was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Main Street Bank & Trust, operating out of Champaign, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: PERSONAL CARE SERVICES SBA Loan Lender MAIN STREET BANK & TRUST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 9/15/2001 Loan Approval Gross Amount $168,207 Loan Approval from the SBA Of the total $168,207 loan amount, the SBA guaranteed $126,155. 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 13 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you want money for new small business in Urban IL, you ought to talk with a local Urban SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Urban businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Main Street Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Accountant's Role in Securing Financing Best Champaign, Illinois Banks for Small Business SBA Participating Banks in Illinois
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