Indianapolis, Indiana Entrepreneur Gets a Bank Loan

Searching for an Indiana bank loan? This Indiana entrepreneur got a bank loan, provided by a Colorado bank that works with the SBA to help small business owners.

Getting a small business loan in Indianapolis, Indiana was a top priority for this loan applicant back in 2008 and, based on their loan application, they were successful in getting an SBA loan from First Colorado National Bank. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
INDIANAPOLIS, IN 46208

SBA Loan Lender

FIRST COLORADO NATIONAL BANK
2ND & GRAND AVE
PAONIA, CO 81428

This lender issued this 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

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

1/17/2008

Loan Approval Gross Amount

$149,543

Loan Approval from the SBA

Of the total $149,543 loan amount, the SBA guaranteed $127,111.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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