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December 21, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Plainfield, Business Loans > Lincoln Bank Plainfield Business Loans > Electrical Work Loan | ||||
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SBA Lender Indianapolis, Indiana
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SBA Loan from Lincoln Bank Helps Electrical Work CompanyLincoln Bank has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them. This small firm knew how to go about getting a business bank loan. Based in Indianapolis, Indiana, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Lincoln Bank, based in Plainfield, Indiana. SBA Loan Borrower COMPANY TYPE: ELECTRICAL WORK SBA Loan Lender LINCOLN BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1731 - Electrical Work NAICS Code 235310 - Electrical Contractors Loan Approval Date 12/27/2000 Loan Approval Gross Amount $255,200 Loan Approval from the SBA Of the total $255,200 loan amount, the SBA guaranteed $191,400. 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 97 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. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Lincoln 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 Banks in Plainfield, Indiana
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