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December 25, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Champaign, Business Loans > Busey Bank Champaign Business Loans > Medical Laboratories Loan | ||||
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How to Get SBA Money in Indianapolis, Indiana
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Indiana SBA Loan Issued to Medical Laboratories CompanyIndianaSmall business loans are available to Indiana small business owners through the SBA. In this case, an Illinois bank provides the loan. Getting a small business loan in Indianapolis, Indiana was a top priority for this small company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Busey Bank. Here are the details on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: MEDICAL LABORATORIES SBA Loan Lender BUSEY BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621511 - Medical Laboratories Loan Approval Date 8/9/2002 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 35 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 35 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $200,000 loan. Remember, things become real when you believe you can achieve them! 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: Best Banks for Small Business in Champaign, Illinois Browse All Business Loan Sources for Illinois
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