Hazardous Waste Treatment and Disposal Commercial Loans

With these commercial loans for hazardous waste treatment and disposal, the SBA guarantees the lender that the loan will be repaid. This hazardous waste treatment and disposal loan for $150,000 was given to an Indiana entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lafayette, Indiana was able to borrow $150,000 from Lafayette Bank & Trust Natl. The SBA made the loan possible by guaranteeing $127,500 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: REFUSE SYSTEMS
LAFAYETTE, IN 47909

SBA Loan Lender

LAFAYETTE BANK & TRUST NATL
250 MAIN ST
LAFAYETTE, IN 47901

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4953 - Refuse Systems

NAICS Code

562211 - Hazardous Waste Treatment and Disposal

Loan Approval Date

7/10/2001

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 28 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Lafayette IN, you ought to talk with a local Lafayette SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lafayette businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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