Port and Harbor Operations Bank Loans

With these bank loans for port and harbor operations, the SBA guarantees the lender that the loan will be repaid. This port and harbor operations loan for $75,000 was given to an Indiana entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Angola, Indiana was able to borrow $75,000 from Star Financial Bank. The SBA made the loan possible by guaranteeing $60,000 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: MARINE CARGO HANDLING
ANGOLA, IN 46703

SBA Loan Lender

STAR FINANCIAL BANK
2004 N WAYNE ST, STATE RD 127
ANGOLA, IN 46703

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

4491 - Marine Cargo Handling

NAICS Code

488310 - Port and Harbor Operations

Loan Approval Date

11/14/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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.

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