Financing for Soil Preparation, Planting, and Cultivating

With these loans for soil preparation, planting, and cultivating, the SBA guarantees the lender that the loan will be repaid. This soil preparation, planting, and cultivating loan for $165,600 was given to an Illinois entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in Belleville, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First Clover Leaf Bank, based in Edwardsville, Illinois.

SBA Loan Borrower

COMPANY TYPE: SOIL PREPARATION SERVICES
BELLEVILLE, IL 62223

SBA Loan Lender

FIRST CLOVER LEAF BANK
200 E PARK ST
EDWARDSVILLE, IL 62025

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0711 - Soil Preparation Services

NAICS Code

115112 - Soil Preparation, Planting, and Cultivating

Loan Approval Date

11/23/2004

Loan Approval Gross Amount

$165,600

Loan Approval from the SBA

Of the total $165,600 loan amount, the SBA guaranteed $124,200.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Clover Leaf Bank and they will explain how you can get an SBA loan for your company.

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 Business Credit Cards

Small Business Banks in Edwardsville, Illinois

SBA Lenders in Illinois