Entrepreneur Works With Columbus, Indiana Bank to Get an SBA Loan
Thinking about meeting with a Columbus, Indiana bank about a business loan? Here's one Michigan business loan, issued by a Columbus bank, that was approved by the SBA.
Applying for an SBA loan with Irwin Union Bank & Trust worked out well for our friends at one local business in Dimondale, Michigan. They received an SBA loan for $625,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
DIMONDALE, MI 48821
SBA Loan Lender
IRWIN UNION BANK & TRUST
500 WASHINGTON ST
COLUMBUS, IN 47201
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811111 - General Automotive Repair
Loan Approval Date
5/27/2005
Loan Approval Gross Amount
$625,000
Loan Approval from the SBA
Of the total $625,000 loan amount, the SBA guaranteed $468,750.
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 12 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
This SBA loan was for $625,000. How would you spend $625,000 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.
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