SBA Loan from Soy Cap. Bank & Trust Helps Outdoor Advertising Services Company

An SBA loan from Soy Cap. Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bloomington, Illinois business owner got a $138,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Bloomington, Illinois, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Soy Cap. Bank & Trust, based in Decatur, Illinois.

SBA Loan Borrower

COMPANY TYPE: OUTDOOR ADVERTISING SERVICES
BLOOMINGTON, IL 61701

SBA Loan Lender

SOY CAP. BANK & TRUST
1501 E ELDORADO ST
DECATUR, IL 62521

This lender issued this particular 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

7312 - Outdoor Advertising Services

NAICS Code

541850 - Display Advertising

Loan Approval Date

9/26/2005

Loan Approval Gross Amount

$138,000

Loan Approval from the SBA

Of the total $138,000 loan amount, the SBA guaranteed $117,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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.

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