Bloomington, Indiana Bank Lends Money to Furniture Stores Company in Bedford, Indiana

Find Bloomington, Indiana banks that specialize in SBA loans and know how to work with entrepreneurs. Monroe Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Bedford, Indiana starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Monroe Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
BEDFORD, IN 47421

SBA Loan Lender

MONROE BANK
210 E KIRKWOOD AVE
BLOOMINGTON, IN 47408

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5712 - Furniture Stores

NAICS Code

422110 - Printing and Writing Paper Wholesalers

Loan Approval Date

2/9/2001

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $101,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower 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!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - How to Borrow Money

SBA 7A Banks for Bloomington, Indiana Loans

Indiana SBA 7A Banks