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November 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Columbus, Business Loans > Irwin Union Bank & Trust Columbus Business Loans > Apparel Accessories And Other Apparel Manufacturing Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Financing for Apparel Accessories and Other Apparel ManufacturingWith these commercial loans for apparel accessories and other apparel manufacturing, the SBA guarantees the lender that the loan will be repaid. This apparel accessories and other apparel manufacturing loan for $250,000 was given to an Indiana entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bloomington, Indiana was able to borrow $250,000 from Irwin Union Bank & Trust. The SBA made the loan possible by guaranteeing $125,000 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: APPAREL ACCESSORIES AND OTHER APPAREL MANUFACTURING SBA Loan Lender IRWIN UNION BANK & TRUST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 315999 - Apparel Accessories and Other Apparel Manufacturing Loan Approval Date 2/10/2005 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 35 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 37 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Irwin Union Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Realistic Debt Financing Options Find an SBA Lender in Columbus, Indiana
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