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May 9, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Schaumburg, Business Loans > American Enterprise Bank Schaumburg Business Loans > Computer And Computer Peripheral Equipment And Software Wholesalers Loan | ||||
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Raising Money in Whelling, Illinois With SBA Loans
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Computer and Computer Peripheral Equipment and Software Wholesalers Bank LoansLooking for bank loans for computer and computer peripheral equipment and software wholesalers? The SBA may be the answer. This $108,000 computer and computer peripheral equipment and software wholesalers loan was issued by an Illinois bank. Getting a small business loan in Whelling, Illinois was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from American Enterprise Bank, operating out of Schaumburg, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: COMPUTER AND COMPUTER PERIPHERAL EQUIPMENT AND SOFTWARE WHOLESALERS SBA Loan Lender AMERICAN ENTERPRISE BANK This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421430 - Computer and Computer Peripheral Equipment and Software Wholesalers Loan Approval Date 3/25/2002 Loan Approval Gross Amount $108,000 Loan Approval from the SBA Of the total $108,000 loan amount, the SBA guaranteed $91,800. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company in Whelling IL, you ought to talk with a local Whelling SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Whelling businesses. This company got an SBA loan. You can too! Maybe you need seed money for a small 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: Raising VC Money for Social Networking Companies SBA Approved Banks in Schaumburg, Illinois
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