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May 8, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > Telephone Apparatus Manufacturing Loan | ||||
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Business Loans for Wheeling Small Businesses
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Telephone Apparatus Manufacturing Small Business LoansWith these small business loans for telephone apparatus manufacturing, the SBA guarantees the lender that the loan will be repaid. This telephone apparatus manufacturing loan for $1,025,000 was given to an Illinois entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wheeling, Illinois was able to borrow $1,025,000 from Fifth Third Bank. The SBA made the loan possible by guaranteeing $768,750 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: TELEPHONE APPARATUS MANUFACTURING SBA Loan Lender FIFTH THIRD BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334210 - Telephone Apparatus Manufacturing Loan Approval Date 11/12/2004 Loan Approval Gross Amount $1,025,000 Loan Approval from the SBA Of the total $1,025,000 loan amount, the SBA guaranteed $768,750. 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 16 employees. This SBA loan request indicated that the loan would help retain 16 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Fifth Third Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Fifth Third Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Grand Rapids, Michigan Banks for Small Business
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