Brownsburg, Indiana Bank Gives SBA Loan to Clothing Accessories Stores Company

Get SBA loans from a Brownsburg, Indiana bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Lincoln Bank is a Brownsburg, Indiana small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Indiana company.

SBA Loan Borrower

COMPANY TYPE: CLOTHING ACCESSORIES STORES
BROWNSBURG, IN 46112

SBA Loan Lender

LINCOLN BANK
975 E MAIN ST
BROWNSBURG, IN 46112

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448150 - Clothing Accessories Stores

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$16,100

Loan Approval from the SBA

Of the total $16,100 loan amount, the SBA guaranteed $13,685.

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 4 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Brownsburg IN, you ought to talk with a local Brownsburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Brownsburg businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $16,100 loan. Remember, feel the fear, and do it anyway.

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:

Raising VC Money for Social Networking Companies

Where to Get an SBA Loan in Brownsburg, Indiana

Getting an SBA Loan in Indiana