Borrowing Money for Livestock Merchant Wholesalers

Looking for bank loans for livestock merchant wholesalers? Talk to a banker who works with the SBA. This $600,000 livestock merchant wholesalers loan was issued by an Illinois bank.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Flanagan State Bank, out of Flanagan, Illinois. The loan was granted and they received $600,000 to help grow their Bloomington, Illinois business.

SBA Loan Borrower

COMPANY TYPE: LIVESTOCK MERCHANT WHOLESALERS
BLOOMINGTON, IL 61704

SBA Loan Lender

FLANAGAN STATE BANK
124 S MAIN
FLANAGAN, IL 61740

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424520 - Livestock Merchant Wholesalers

Loan Approval Date

9/26/2007

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $540,000.

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 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Flanagan State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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