Fishers, Indiana Bank Gives SBA Loan to Office Equipment Company

Get SBA loans from a Fishers, Indiana bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Forum Cu is a Fishers, Indiana small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Indiana company.

SBA Loan Borrower

COMPANY TYPE: OFFICE EQUIPMENT
INDIANAPOLIS, IN 46255

SBA Loan Lender

FORUM CU
11580 USA PKWY
FISHERS, IN 46038

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves 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

5044 - Office Equipment

NAICS Code

453210 - Office Supplies and Stationery

Loan Approval Date

5/13/2002

Loan Approval Gross Amount

$42,250

Loan Approval from the SBA

Of the total $42,250 loan amount, the SBA guaranteed $35,912.

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 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 Forum Cu 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.

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Business Line of Credit

Good Banks for Small Business in Fishers, Indiana

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