Waste Management Services Small Business Loans

Looking for small business loans for waste management services? The SBA may be the answer. This $690,000 waste management services loan was issued by an Indiana bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Heartland Community Bank, out of Franklin, Indiana. The loan was granted and they received $690,000 to help grow their Indianapolis, Indiana business.

SBA Loan Borrower

COMPANY TYPE: SANITARY SERVICES
INDIANAPOLIS, IN 46201

SBA Loan Lender

HEARTLAND COMMUNITY BANK
420 N MORTON ST
FRANKLIN, IN 46131

This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4959 - Sanitary Services

NAICS Code

562998 - Waste Management Services

Loan Approval Date

3/30/2004

Loan Approval Gross Amount

$690,000

Loan Approval from the SBA

Of the total $690,000 loan amount, the SBA guaranteed $517,500.

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 13 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Heartland Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Heartland Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Business Cash Advances

SBA Approved Banks in Franklin, Indiana

Find an SBA Lender in Indiana