Borrowing Money for Pharmaceutical Preparation Manufacturing

Looking for small business loans for pharmaceutical preparation manufacturing? The SBA may be the answer. This $127,000 pharmaceutical preparation manufacturing loan was issued by an Illinois bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Carbondale, Illinois was able to borrow $127,000 from Midcountry Bank. The SBA made the loan possible by guaranteeing $107,950 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: PHARMACEUTICAL PREPARATIONS
CARBONDALE, IL 62901

SBA Loan Lender

MIDCOUNTRY BANK
1702 W BLVD
MARION, IL 62959

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2834 - Pharmaceutical Preparations

NAICS Code

325412 - Pharmaceutical Preparation Manufacturing

Loan Approval Date

3/29/2006

Loan Approval Gross Amount

$127,000

Loan Approval from the SBA

Of the total $127,000 loan amount, the SBA guaranteed $107,950.

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 only one employee. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $127,000. How would you spend $127,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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Illinois SBA 7A Banks