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| Entrepreneur Resources | Citibank Miami Business Loans | ||||
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Citibank Small Business Loans Streamwood, IL
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Citibank SBA Loan to Complex Therapy LtdAn SBA loan from Citibank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Streamwood, Illinois business owner got a $13,000 loan.
Complex Therapy Ltd received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Citibank, out of Miami, Florida. The loan was granted and they received $13,000 to help grow their Streamwood, Illinois business. SBA Loan Borrower COMPLEX THERAPY LTD SBA Loan Lender CITIBANK 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. NAICS Code 621498 - All Other Outpatient Care Centers Loan Approval Date 3/19/2004 Loan Approval Gross Amount $13,000 Loan Approval from the SBA Of the total $13,000 loan amount, the SBA guaranteed $6,500. More Information on This SBA Loan The borrower, Complex Therapy Ltd, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. This loan was paid in full, and was closed out on 8/22/2006. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citibank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Small Business Banks in Miami, Florida If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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