Commercial Loans for Radio, Television, and Electronics Stores

Looking for commercial loans for radio, television, and electronics stores? An SBA loan may be just what you've been looking for. This $80,000 radio, television, and electronics stores loan was issued by an Indiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Crown Point, Indiana was able to borrow $80,000 from Centier Bank. The SBA made the loan possible by guaranteeing $68,000 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
CROWN POINT, IN 46307

SBA Loan Lender

CENTIER BANK
8310 BROADWAY
MERRILLVILLE, IN 46410

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

10/28/2002

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Raising Venture Capital

Small Bank Loans in Merrillville, Indiana

SBA Participating Banks in Indiana