Borrowing Money for Cut Stone and Stone Product Manufacturing

With these loans for cut stone and stone product manufacturing, the SBA guarantees the lender that the loan will be repaid. This cut stone and stone product manufacturing loan for $451,200 was given to an Indiana entrepreneur in 2007.

Getting a small business loan in Crawfordsville, Indiana was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank - Indiana, operating out of Dana, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: CUT STONE AND STONE PRODUCT MANUFACTURING
CRAWFORDSVILLE, IN 47933

SBA Loan Lender

BANK - INDIANA
129 MAPLE ST
DANA, IN 47847

This SBA 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.

NAICS Code

327991 - Cut Stone and Stone Product Manufacturing

Loan Approval Date

3/28/2007

Loan Approval Gross Amount

$451,200

Loan Approval from the SBA

Of the total $451,200 loan amount, the SBA guaranteed $338,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower indicated that the loan would help generate 9 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Obtaining Funding - Getting Venture Capital

SBA 7A Banks in Dana, Indiana

Indiana SBA Banks