Getting an SBA Loan for General Long-Distance Freight Trucking

Looking for commercial loans for general long-distance freight trucking? An SBA loan may be just what you've been looking for. This $23,400 general long-distance freight trucking loan was issued by an Illinois bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Centrue Bank, out of Kankakee, Illinois. The loan was granted and they received $23,400 to help grow their Papineau, Illinois business.

SBA Loan Borrower

COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING
PAPINEAU, IL 60956

SBA Loan Lender

CENTRUE BANK
310 S SCHUYLER AVE
KANKAKEE, IL 60901

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

9/19/2006

Loan Approval Gross Amount

$23,400

Loan Approval from the SBA

Of the total $23,400 loan amount, the SBA guaranteed $19,890.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Papineau IL, you ought to talk with a local Papineau SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Papineau businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Centrue 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.

Related Links:

The Art of Bootstrapping

SBA 7A Lenders in Kankakee, Illinois

SBA Illinois Banks