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May 18, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Antioch, Business Loans > State Bank Of The Lakes Antioch Business Loans > Equipment Rental And Leasing Loan | ||||
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Waukegan, Illinois Bank Loan
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Small Business Loans for Consumer Goods RentalWith these small business loans for consumer goods rental, the SBA guarantees the lender that the loan will be repaid. This consumer goods rental loan for $105,000 was given to an Illinois entrepreneur in 2001. This company knew how to go about getting a business bank loan. Based in Waukegan, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was State Bank Of The Lakes, based in Antioch, Illinois. SBA Loan Borrower COMPANY TYPE: EQUIPMENT RENTAL AND LEASING SBA Loan Lender STATE BANK OF THE LAKES This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7359 - Equipment Rental and Leasing NAICS Code 532299 - Consumer Goods Rental Loan Approval Date 3/30/2001 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $89,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Banking Deregulation's Effects on Entrepreneurship Who Lends Money to Small Businesses in Antioch, Illinois
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