Financing for Machine Shops

Looking for commercial loans for machine shops? Try the SBA. This $37,500 machine shops loan was issued by an Indiana bank.

Getting a small business loan in Lowell, Indiana was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Centier Bank, operating out of Crown Point, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: SCREW MACHINE PRODUCTS
LOWELL, IN 46356

SBA Loan Lender

CENTIER BANK
117 E JOLIET
CROWN POINT, IN 46307

This lender issued this particular bank loan 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

3451 - Screw Machine Products

NAICS Code

332710 - Machine Shops

Loan Approval Date

1/28/2002

Loan Approval Gross Amount

$37,500

Loan Approval from the SBA

Of the total $37,500 loan amount, the SBA guaranteed $31,875.

More Information on This SBA Loan

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

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

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Where to Get an SBA Loan in Crown Point, Indiana

SBA Lenders in Indiana