Get an SBA Loan for Employee Leasing Services

With these small business loans for employee leasing services, the SBA guarantees the lender that the loan will be repaid. This employee leasing services loan for $500,000 was given to an Indiana entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Indianapolis, Indiana was able to borrow $500,000 from Bank - Indiana. The SBA made the loan possible by guaranteeing $375,000 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: EMPLOYEE LEASING SERVICES
INDIANAPOLIS, IN 46250

SBA Loan Lender

BANK - INDIANA
129 MAPLE ST
DANA, IN 47847

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 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

561330 - Employee Leasing Services

Loan Approval Date

6/8/2007

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 60 employees. This SBA loan request indicated that the loan would help retain 60 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank - Indiana and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - How to Borrow Money

Small Bank Loans in Dana, Indiana

Where to Get an SBA Loan Indiana