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November 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Muncie, Business Loans > Star Financial Bank Muncie Business Loans > Eating Places Loan | ||||
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Fort Wayne SBA Loans
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Fort Wayne, Indiana Entrepreneur Gets a Small Business LoanIndianaBusiness loans are available to Indiana business owners through the SBA. In this case, an Indiana bank provides the loan. Getting a small business loan in Fort Wayne, Indiana was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Star Financial Bank. Here are the details on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender STAR FINANCIAL BANK 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 5812 - Eating Places Loan Approval Date 9/25/2000 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $90,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 60 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Who Lends Money to Small Businesses in Muncie, Indiana Getting an SBA Loan in Indiana
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