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December 22, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > South Bend, Business Loans > 1st Source Bank South Bend Business Loans > Air And Gas Compressor Manufacturing Loan | ||||
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Examples of Elkhart SBA Loans
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SBA Loans for Air and Gas Compressor ManufacturingLooking for SBA loans for air and gas compressor manufacturing? Talk to a banker who works with the SBA. This $146,500 air and gas compressor manufacturing loan was issued by an Indiana bank. This small business knew how to go about getting a business bank loan. Based in Elkhart, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was 1st Source Bank, based in South Bend, Indiana. SBA Loan Borrower COMPANY TYPE: AIR AND GAS COMPRESSOR MANUFACTURING SBA Loan Lender 1ST SOURCE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333912 - Air and Gas Compressor Manufacturing Loan Approval Date 12/7/2006 Loan Approval Gross Amount $146,500 Loan Approval from the SBA Of the total $146,500 loan amount, the SBA guaranteed $124,525. 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 11 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $146,500 loan. Remember, fight for what you want, and it will be yours! 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: SBA 7A Lenders in South Bend, Indiana
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