Fort Wayne, Indiana Bank Gives SBA Loan to Drawing And Insulating Of Nonferrous Wire Company

Get to know Fort Wayne, Indiana banks that specialize in business loans and know how to work with entrepreneurs. Salin Bank & Trust Company is one such bank, as evidenced by this SBA loan to a growing company.

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

SBA Loan Borrower

COMPANY TYPE: DRAWING AND INSULATING OF NONFERROUS WIRE
FORT WAYNE, IN 46803

SBA Loan Lender

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

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3357 - Drawing and Insulating of Nonferrous Wire

NAICS Code

331422 - Copper Wire Drawing

Loan Approval Date

2/14/2005

Loan Approval Gross Amount

$226,500

Loan Approval from the SBA

Of the total $226,500 loan amount, the SBA guaranteed $169,875.

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. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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 Cash Advances

SBA 7A Lenders in Fort Wayne, Indiana

SBA Indiana Banks