Indianapolis, Indiana Entrepreneur Gets a Small Business Loan

IndianaBank loans are available to Indiana firms through the SBA. In this case, a Minnesota bank provides the loan.

You can learn something about getting a small business loan in Indianapolis, Indiana by studying this loan to a local company, made back in 2007. Banks like Star Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
INDIANAPOLIS, IN 46240

SBA Loan Lender

STAR BANK
201 2ND AVE NW
BERTHA, MN 56437

This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

621310 - Chiropractors

Loan Approval Date

3/8/2007

Loan Approval Gross Amount

$83,200

Loan Approval from the SBA

Of the total $83,200 loan amount, the SBA guaranteed $41,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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

Alternative Financing

Banks in Bertha, Minnesota

Minnesota SBA 7A Lenders