Getting an SBA Loan for Household Appliance Stores

With these business loans for household appliance stores, the SBA guarantees the lender that the loan will be repaid. This household appliance stores loan for $100,000 was given to an Indiana entrepreneur in 2007.

This business knew how to go about getting a business bank loan. Based in Lebanon,, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was State Bank Of Lizton, based in Lizton, Indiana.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD APPLIANCE STORES
LEBANON,, IN 46052

SBA Loan Lender

STATE BANK OF LIZTON
206 N STATE ST
LIZTON, IN 46149

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

11/21/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 9 employees. The SBA loan documents indicated that the loan would help retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State Bank Of Lizton are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Bank Credit Lines

SBA 7A Banks for Lizton, Indiana Loans

SBA Indiana Lenders