Business Loan from Star Financial Bank Given to Furniture Company
Star Financial Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Indiana entrepreneur was able to get a loan to take a small business to the next level.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Columbia City, Indiana was able to borrow $170,000 from Star Financial Bank. The SBA made the loan possible by guaranteeing $127,500 of this Indiana small business loan.
SBA Loan Borrower
COMPANY TYPE: FURNITURE
COLUMBIA CITY, IN 46725
SBA Loan Lender
STAR FINANCIAL BANK
102 W VAN BUREN ST
COLUMBIA CITY, IN 46725
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5021 - Furniture
NAICS Code
421210 - Furniture Wholesalers
Loan Approval Date
1/11/2005
Loan Approval Gross Amount
$170,000
Loan Approval from the SBA
Of the total $170,000 loan amount, the SBA guaranteed $127,500.
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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Strategic Investors
SBA 7A Banks for Columbia City, Indiana Loans
Find an SBA Lender in Indiana