Get an SBA Loan for Vitreous China, Fine Earthenware, and Pottery Manufacturing

Looking for small business loans for vitreous china, fine earthenware, and pottery manufacturing? The SBA may be the answer. This $24,000 vitreous china, fine earthenware, and pottery manufacturing loan was issued by an Indiana bank.

Getting a small business loan in Franklin, Indiana was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Mutual Savings Bank, operating out of Franklin, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: VITREOUS CHINA, FINE EARTHENWARE, AND POTTERY MANUFACTURING
FRANKLIN, IN 46131

SBA Loan Lender

MUTUAL SAVINGS BANK
80 E JEFFERSON ST
FRANKLIN, IN 46131

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327112 - Vitreous China, Fine Earthenware, and Pottery Manufacturing

Loan Approval Date

3/9/2006

Loan Approval Gross Amount

$24,000

Loan Approval from the SBA

Of the total $24,000 loan amount, the SBA guaranteed $20,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mutual Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mutual Savings 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:

Equity Financing

SBA 7A Banks in Franklin, Indiana

SBA Lenders in Indiana