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November 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Avon, Business Loans > Irwin Union Bank & Trust Avon Business Loans > Legal Services Loan | ||||
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Avon Lenders
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Entrepreneur Works With Avon, Indiana Bank to Get an SBA LoanWant to talk with an Avon, Indiana bank about an SBA loan? Here's one Indiana business loan, issued by an Avon bank, that was approved by the SBA. Applying for an SBA loan with Irwin Union Bank & Trust worked out well for our friends at one local firm in Indianapolis, Indiana. They received an SBA loan for $75,000. Great job! SBA Loan Borrower COMPANY TYPE: LEGAL SERVICES SBA Loan Lender IRWIN UNION BANK & TRUST This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8111 - Legal Services NAICS Code 541110 - Lawyers Loan Approval Date 6/10/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 8 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you need business start up money in Indianapolis IN, you ought to talk with a local Indianapolis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Indianapolis businesses. 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. Related Links:
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