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November 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Cambridge City, Business Loans > Wayne Bank And Trust Co. Cambridge City Business Loans > Machine Shops Loan | ||||
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SBA Lenders for Greenfield, Indiana Business Owners
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Machine Shops LoansLooking for loans for machine shops? The SBA may be the answer. This $325,000 machine shops loan was issued by an Indiana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Greenfield, Indiana was able to borrow $325,000 from Wayne Bank And Trust Co.. The SBA made the loan possible by guaranteeing $162,500 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender WAYNE BANK AND TRUST CO. This lender processed this SBA 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 332710 - Machine Shops Loan Approval Date 12/21/2007 Loan Approval Gross Amount $325,000 Loan Approval from the SBA Of the total $325,000 loan amount, the SBA guaranteed $162,500. 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 8 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Role of Business Plan When Raising Money Who Lends Money to Small Businesses in Cambridge City, Indiana SBA Participating Banks in Indiana
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