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May 17, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Rockford, Business Loans > Amcore Bank Rockford Business Loans > Insurance Agents And Brokers Loan | ||||
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SBA Lenders for Wyanet Entrepreneurs
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Insurance Agencies and Brokerages Bank LoansWith these bank loans for insurance agencies and brokerages, the SBA guarantees the lender that the loan will be repaid. This insurance agencies and brokerages loan for $55,700 was given to an Illinois entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wyanet, Illinois was able to borrow $55,700 from Amcore Bank. The SBA made the loan possible by guaranteeing $27,850 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: INSURANCE AGENTS AND BROKERS SBA Loan Lender AMCORE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 6411 - Insurance Agents and Brokers NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 1/12/2000 Loan Approval Gross Amount $55,700 Loan Approval from the SBA Of the total $55,700 loan amount, the SBA guaranteed $27,850. 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 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! If you are raising money in Wyanet IL, you ought to talk with a local Wyanet SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wyanet businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding - How to Borrow Money SBA Approved Banks in Rockford, Illinois
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