Bank Loans for Surveying and Mapping Services

Looking for bank loans for surveying and mapping services? Talk to a banker who works with the SBA. This $31,000 surveying and mapping services loan was issued by an Illinois bank.

This small firm knew how to go about getting a business bank loan. Based in Hutsonville, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Farmers & Merchants Bank - Hutso, based in Hutsonville, Illinois.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
HUTSONVILLE, IL 62433

SBA Loan Lender

FARMERS & MERCHANTS BANK - HUTSO
108 S MAIN ST
HUTSONVILLE, IL 62433

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

541370 - Surveying and Mapping Services

Loan Approval Date

6/6/2002

Loan Approval Gross Amount

$31,000

Loan Approval from the SBA

Of the total $31,000 loan amount, the SBA guaranteed $26,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must 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.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

The Friends and Family Network

SBA Approved Banks in Hutsonville, Illinois

SBA Illinois Lenders