Fort Wayne, Indiana Business Gets SBA-Guaranteed Funding from Salin Bank & Trust Company

Salin Bank & Trust Company has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them.

Getting a small business loan in Fort Wayne, Indiana was an essential business goal for this firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Salin Bank & Trust Company, operating out of Fort Wayne, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: DETECTIVE, GUARD, AND ARMORED CAR SERVICES
FORT WAYNE, IN 46809

SBA Loan Lender

SALIN BANK & TRUST COMPANY
110 W MAIN ST
FORT WAYNE, IN 46802

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7381 - Detective, Guard, and Armored Car Services

NAICS Code

561613 - Armored Car Services

Loan Approval Date

1/11/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 18 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Equity Financing

Small Bank Loans in Fort Wayne, Indiana

Getting a Business Loan in Indiana