Jewelry Stores Commercial Loans

Looking for commercial loans for jewelry stores? Try the SBA. This $50,000 jewelry stores loan was issued by an Indiana bank.

Getting a small business loan in Greenwood, Indiana was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Heartland Community Bank, operating out of Franklin, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
GREENWOOD, IN 46142

SBA Loan Lender

HEARTLAND COMMUNITY BANK
420 N MORTON ST
FRANKLIN, IN 46131

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5944 - Jewelry Stores

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

10/3/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

If you are working on finding money to start a business in Greenwood IN, you ought to talk with a local Greenwood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Greenwood businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Heartland Community Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Line of Credit

SBA Approved Banks in Franklin, Indiana

SBA Participating Banks in Indiana