Get an SBA Loan for Manufactured Home Manufacturing

With these small business loans for manufactured home manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufactured home manufacturing loan for $150,000 was given to an Indiana entrepreneur in 2006.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with 1st Source Bank, out of South Bend, Indiana. The loan was granted and they received $150,000 to help grow their Elkhart, Indiana business.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURED HOME MANUFACTURING
ELKHART, IN 46514

SBA Loan Lender

1ST SOURCE BANK
100 N MICHIGAN ST
SOUTH BEND, IN 46601

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

321991 - Manufactured Home Manufacturing

Loan Approval Date

12/13/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 32 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 37 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Elkhart IN, you ought to talk with a local Elkhart SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elkhart businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like 1st Source Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Debt Financing

SBA Participating Banks in South Bend, Indiana

SBA Indiana Banks