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November 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Bloomfield, Business Loans > Bloomfield State Bank Bloomfield Business Loans > Drywall And Insulation Contractors Loan | ||||
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Getting a Small Business Loan in Indianapolis, Indiana
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Growing Company Gets an Indiana Bank LoanIndianaBank loans are available to Indiana firms through the SBA. In this case, an Indiana bank provides the loan. Getting a small business loan in Indianapolis, Indiana was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bloomfield State Bank. Here are the details on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: DRYWALL AND INSULATION CONTRACTORS SBA Loan Lender BLOOMFIELD STATE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238310 - Drywall and Insulation Contractors Loan Approval Date 3/6/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bloomfield State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Banks for Bloomfield, Indiana Loans
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