Old National Bank SBA Loan to Outpatient Care Centers Company

An SBA loan from Old National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bloomfield, Indiana business owner got a $102,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bloomfield, Indiana was able to borrow $102,000 from Old National Bank. The SBA made the loan possible by guaranteeing $51,000 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: OUTPATIENT CARE CENTERS
BLOOMFIELD, IN 47424

SBA Loan Lender

OLD NATIONAL BANK
ONE MAIN ST
EVANSVILLE, IN 47708

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621498 - Outpatient Care Centers

Loan Approval Date

12/30/2004

Loan Approval Gross Amount

$102,000

Loan Approval from the SBA

Of the total $102,000 loan amount, the SBA guaranteed $51,000.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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SBA Banks in Evansville, Indiana

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