Mark, if it is your loader that is squealing (mine sometimes makes a squawk), it's most likely needing lubrication. Does it squeal both when you raise and lower the loader and/or curl the bucket? You can do a grease job to see if that helps and also use some light penetrating oil on the rams to see if those are the source of the noise.
Another thing to help identify the source is to lift the loader up high with the bucket curled all the way. Shut off the tractor's engine to reduce the noise and then lower the bucket and let it curl down under its own weight. If it squeals then, you may be able to identify where the noise is coming from and apply some lube. If it is quiet, then the noise might be from the pump or lines only under pressure. A loose, vibrating line may need to be shimmed with something to reduce vibration. High frequency vibration against a hard surface often sounds like a squeal.
Just some ideas to try... Good luck. /forums/images/graemlins/smile.gif
EDIT: OOPS! I just noticed that you said it was a tractor you are looking at, instead of your own tractor. You probably don't want to do all the things I mentioned to someone elses tractor. You might try lowering the raised loader with the engine shut off, but the other stuff is probably a little "over the top" for a tractor you are looking at. /forums/images/graemlins/wink.gif