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November 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Grabill, Business Loans > Grabill Bank Grabill Business Loans > Used Car Dealers Loan | ||||
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Grabill Bank Loan
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Grabill, Indiana Lender Lends Money to Used Car Dealers CompanyA Grabill, Indiana small business loan can be yours. Learn how a business got a $51,700 business loan from this Indiana bank. This loan to an entrepreneur is a good example of an SBA loan. Grabill Bank made the loan and the SBA guaranteed a portion of the loan. Many other Indiana entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender GRABILL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 441120 - Used Car Dealers Loan Approval Date 4/22/2005 Loan Approval Gross Amount $51,700 Loan Approval from the SBA Of the total $51,700 loan amount, the SBA guaranteed $25,850. 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 2 employees. The SBA loan documents indicated that the borrowed money would help create 2 new jobs. Start the Process for Getting an SBA Loan Today! 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. Grabill Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Grabill Bank 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: Realistic Debt Financing Options
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