Busey Bank Gives Business Loan to Ornamental And Architectural Metal Work Manufacturing Company
Looking to get an Indiana SBA loan? This Indiana entrepreneur got an SBA loan, provided by an Illinois bank that works with the SBA to help small business owners.
By giving the right information to Busey Bank, this Indianapolis, Indiana business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: ORNAMENTAL AND ARCHITECTURAL METAL WORK MANUFACTURING
INDIANAPOLIS, IN 46241
SBA Loan Lender
BUSEY BANK
100 W UNIVERSITY AVE
CHAMPAIGN, IL 61820
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
332323 - Ornamental and Architectural Metal Work Manufacturing
Loan Approval Date
12/16/2005
Loan Approval Gross Amount
$1,200,000
Loan Approval from the SBA
Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 24 employees. The SBA loan application for the borrower indicated that the loan would help retain 24 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are raising 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.
We can help you find the best banks for small businesses in Indianapolis or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
How Equity Dilution Works
Best Banks for Small Business in Champaign, Illinois
Getting an SBA Loan in Illinois