Goshen, Indiana Lender Lends Money to Rubber Product Manufacturing For Mechanical Use Company

A Goshen, Indiana business loan can be yours. Learn how a company got a $250,000 business loan from this Indiana bank.

This loan to a local firm is a good example of an SBA loan. Goshen Community 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: RUBBER PRODUCT MANUFACTURING FOR MECHANICAL USE
GOSHEN, IN 46526

SBA Loan Lender

GOSHEN COMMUNITY BANK
511 W LINCOLN AVE
GOSHEN, IN 46526

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

326291 - Rubber Product Manufacturing for Mechanical Use

Loan Approval Date

6/30/2004

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 44 employees. This SBA loan request indicated that the loan would help retain 44 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Goshen IN, you ought to talk with a local Goshen SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Goshen businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Goshen Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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