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May 12, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Melrose Park, Business Loans > Midwest Bank And Trust Company Melrose Park Business Loans > Glass And Glazing Contractors Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Glass and Glazing Contractors Commercial LoansLooking for commercial loans for glass and glazing contractors? The SBA may be the answer. This $55,000 glass and glazing contractors loan was issued by an Illinois bank. Getting a small business loan in Woodridge, Illinois was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Midwest Bank And Trust Company, operating out of Melrose Park, Illinois. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: GLASS AND GLAZING CONTRACTORS SBA Loan Lender MIDWEST BANK AND TRUST COMPANY 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 bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238150 - Glass and Glazing Contractors Loan Approval Date 12/1/2006 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. 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 7 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $55,000. How would you spend $55,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Borrowing Money from Friends and Family Small Business Banks in Melrose Park, Illinois Find an SBA Lender in Illinois
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