Small Business Loans for Professional, Scientific, and Technical Services

Looking for small business loans for professional, scientific, and technical services? An SBA loan may be just what you've been looking for. This $394,000 professional, scientific, and technical services loan was issued by an Indiana bank.

This company knew how to go about getting a business bank loan. Based in Camby, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Heartland Community Bank, based in Franklin, Indiana.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL EQUIPMENT
CAMBY, IN 46113

SBA Loan Lender

HEARTLAND COMMUNITY BANK
420 N MORTON ST
FRANKLIN, IN 46131

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5046 - Commercial Equipment

NAICS Code

541990 - Professional, Scientific, and Technical Services

Loan Approval Date

3/9/2001

Loan Approval Gross Amount

$394,000

Loan Approval from the SBA

Of the total $394,000 loan amount, the SBA guaranteed $295,500.

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

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Heartland Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Debt Financing

Where to Get an SBA Loan in Franklin, Indiana

SBA Lenders in Indiana