Rensselaer, Indiana Lender Lends Money to Drinking Places Company

Thinking about meeting with a Rensselaer, Indiana bank about a business loan? Here's one Indiana business loan, issued by a Rensselaer bank, that was approved by the SBA.

Applying for an SBA loan with Lafayette Bank & Trust Natl worked out well for our friends at one local firm in Demotte, Indiana. They got an SBA loan for $75,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
DEMOTTE, IN 46310

SBA Loan Lender

LAFAYETTE BANK & TRUST NATL
200 W WASHINGTON
RENSSELAER, IN 47978

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

7/24/2001

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 4 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $75,000. How would you spend $75,000 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:

Banking Deregulation's Effects on Entrepreneurship

Small Business Banks in Rensselaer, Indiana

SBA Participating Banks in Indiana