Bank Loans for Nursery and Tree Production

With these bank loans for nursery and tree production, the SBA guarantees the lender that the loan will be repaid. This nursery and tree production loan for $150,000 was given to an Illinois entrepreneur in 2002.

Getting a small business loan in Heyworth, Illinois was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Farmer City State Bank, operating out of Farmer City, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: TIMBER TRACTS
HEYWORTH, IL 61745

SBA Loan Lender

FARMER CITY STATE BANK
333 S MAIN ST
FARMER CITY, IL 61842

This lender issued this particular SBA loan 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.

SIC Code

0811 - Timber Tracts

NAICS Code

111421 - Nursery and Tree Production

Loan Approval Date

12/19/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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:

Financing Your Business

Who Lends Money to Small Businesses in Farmer City, Illinois

Getting an SBA Loan in Illinois