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November 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Fishers, Business Loans > Forum Cu Fishers Business Loans > Toys And Hobby Goods And Supplies Loan | ||||
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Banks in Fishers, Indiana That Make SBA Loans
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Fishers, Indiana Bank Lends Money to Toys And Hobby Goods And Supplies Company in Indianapolis, IndianaWant to talk with a Fishers, Indiana bank about an SBA loan? Here's one Indiana business loan, issued by a Fishers bank, that was approved by the SBA. Applying for an SBA loan with Forum Cu worked out well for our friends at one local company in Indianapolis, Indiana. The business was able to get an SBA loan for $150,000. Way to go! SBA Loan Borrower COMPANY TYPE: TOYS AND HOBBY GOODS AND SUPPLIES SBA Loan Lender FORUM CU This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5092 - Toys and Hobby Goods and Supplies NAICS Code 421920 - Toy and Hobby Goods and Supplies Wholesalers Loan Approval Date 9/18/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in Fishers, Indiana
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