Entrepreneur Works With Brownsburg, Indiana Bank to Get an SBA Loan

Thinking about meeting with a Brownsburg, Indiana bank about an SBA loan? Here's one Indiana business loan, issued by a Brownsburg bank, that was approved by the SBA.

Applying for an SBA loan with Hendricks Cnty Bank & Trust worked out well for our friends at one local company in Brownsburg, Indiana. They got an SBA loan for $200,000. Great job!

SBA Loan Borrower

COMPANY TYPE: CONSUMER ELECTRONICS REPAIR AND MAINTENANCE
BROWNSBURG, IN 46112

SBA Loan Lender

HENDRICKS CNTY BANK & TRUST
1 E MAIN ST
BROWNSBURG, IN 46112

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811211 - Consumer Electronics Repair and Maintenance

Loan Approval Date

8/15/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

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.

We can help you find the best banks for small businesses in Brownsburg or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Credit Evaluation

Small Bank Loans in Brownsburg, Indiana

Indiana SBA 7A Lenders