Goshen, Indiana Bank Gives SBA Loan to Plastics Plumbing Fixtures Company

Get to know Goshen, Indiana banks that specialize in business loans and know how to work with entrepreneurs. Goshen Community Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Elkhart, Indiana starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Goshen Community Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PLASTICS PLUMBING FIXTURES
ELKHART, IN 46514

SBA Loan Lender

GOSHEN COMMUNITY BANK
511 W LINCOLN AVE
GOSHEN, IN 46526

This lender issued this SBA bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3088 - Plastics Plumbing Fixtures

NAICS Code

326191 - Plastics Plumbing Fixture Manufacturing

Loan Approval Date

6/2/2004

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 10 employees. This SBA loan request 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

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Goshen Community Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Incubators

SBA 7A Banks in Goshen, Indiana

SBA Lenders in Indiana