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May 12, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Centralia, Business Loans > Farmers State Bank Of Hoffman Centralia Business Loans > Specialty Outpatient Facilities Loan | ||||
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Small Business Loans from Farmers State Bank Of Hoffman
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Farmers State Bank Of Hoffman SBA Loan to Specialty Outpatient Facilities CompanyFarmers State Bank Of Hoffman is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Illinois entrepreneur who tapped into the power of SBA loans. This growing company knew how to go about getting a business bank loan. Based in Salem, Illinois, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Farmers State Bank Of Hoffman, based in Centralia, Illinois. SBA Loan Borrower COMPANY TYPE: SPECIALTY OUTPATIENT FACILITIES SBA Loan Lender FARMERS STATE BANK OF HOFFMAN This lender issued this particular SBA business 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 8093 - Specialty Outpatient Facilities NAICS Code 621410 - Family Planning Centers Loan Approval Date 10/28/2003 Loan Approval Gross Amount $56,200 Loan Approval from the SBA Of the total $56,200 loan amount, the SBA guaranteed $47,770. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Remember, 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Bank Loans in Centralia, Illinois
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