Institutional Furniture Manufacturing Commercial Loans

Looking for commercial loans for institutional furniture manufacturing? The SBA may be the answer. This $95,000 institutional furniture manufacturing loan was issued by an Indiana bank.

This business knew how to go about getting a business bank loan. Based in La Porte, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was La Porte Savings Bank, based in La Porte, Indiana.

SBA Loan Borrower

COMPANY TYPE: LEAD PENCILS, CRAYONS, AND ARTISTS' MATERIALS
LA PORTE, IN 46350

SBA Loan Lender

LA PORTE SAVINGS BANK
710 INDIANA AVE
LA PORTE, IN 46350

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3952 - Lead Pencils, Crayons, and Artists' Materials

NAICS Code

337127 - Institutional Furniture Manufacturing

Loan Approval Date

1/19/2001

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. La Porte Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, La Porte Savings 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:

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SBA Banks in La Porte, Indiana

Indiana SBA 7A Lenders