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May 26, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Wilmette, Business Loans > Edens Bank Wilmette Business Loans > Florists Loan | ||||
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Business Loans for Wilmette Businesses
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Florists Business LoansWith these business loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $40,000 was given to an Illinois entrepreneur in 2004. Getting a small business loan in Wilmette, Illinois was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Edens Bank, operating out of Wilmette, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender EDENS BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 2/5/2004 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Participating Banks in Wilmette, Illinois
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