Loans for Title Abstract and Settlement Offices

With these loans for title abstract and settlement offices, the SBA guarantees the lender that the loan will be repaid. This title abstract and settlement offices loan for $131,250 was given to an Indiana entrepreneur in 2004.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Tower Bank & Trust Company, out of Fort Wayne, Indiana. The loan was granted and they received $131,250 to help grow their Fort Wayne, Indiana business.

SBA Loan Borrower

COMPANY TYPE: TITLE ABSTRACT OFFICES
FORT WAYNE, IN 46802

SBA Loan Lender

TOWER BANK & TRUST COMPANY
116 E BERRY ST
FORT WAYNE, IN 46802

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6541 - Title Abstract Offices

NAICS Code

541191 - Title Abstract and Settlement Offices

Loan Approval Date

2/27/2004

Loan Approval Gross Amount

$131,250

Loan Approval from the SBA

Of the total $131,250 loan amount, the SBA guaranteed $111,562.

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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Tower Bank & Trust Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Tower Bank & Trust Company made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Small Business Loan

SBA 7A Banks in Fort Wayne, Indiana

SBA Lenders in Indiana