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November 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Indianapolis, Business Loans > Fifth Third Bank Indianapolis Business Loans > Roofing, Siding, And Sheet Metal Work Loan | ||||
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Fifth Third Bank Business Loans
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Roofing, Siding, and Sheet Metal Contractors Commercial LoansLooking for commercial loans for roofing, siding, and sheet metal contractors? An SBA loan may be just what you've been looking for. This $332,000 roofing, siding, and sheet metal contractors loan was issued by an Indiana bank. This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Fifth Third Bank, out of Indianapolis, Indiana. The loan was granted and they received $332,000 to help grow their Indianapolis, Indiana business. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL WORK SBA Loan Lender FIFTH THIRD BANK When this loan was made, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program was created to give rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1761 - Roofing, Siding, and Sheet Metal Work NAICS Code 235610 - Roofing, Siding, and Sheet Metal Contractors Loan Approval Date 6/20/2003 Loan Approval Gross Amount $332,000 Loan Approval from the SBA Of the total $332,000 loan amount, the SBA guaranteed $249,000. 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 30 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 Fifth Third Bank 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: Good Banks for Small Business in Indianapolis, Indiana Getting a Business Loan in Indiana
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