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November 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Kokomo, Business Loans > Harris National Association Kokomo Business Loans > Construction Sand And Gravel Loan | ||||
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Columbia City, Indiana Bank Loan
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Construction Sand and Gravel Mining SBA LoansLooking for SBA loans for construction sand and gravel mining? Try the SBA. This $900,000 construction sand and gravel mining loan was issued by an Indiana bank. This small business knew how to go about getting a business bank loan. Based in Columbia City, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Harris National Association, based in Kokomo, Indiana. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION SAND AND GRAVEL SBA Loan Lender HARRIS NATIONAL ASSOCIATION This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1442 - Construction Sand and Gravel NAICS Code 212321 - Construction Sand and Gravel Mining Loan Approval Date 9/15/2000 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money This SBA loan was for $900,000. How would you spend $900,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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:
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