Discount Department Stores Business Loans

Looking for business loans for discount department stores? Try the SBA. This $150,000 discount department stores loan was issued by an Indiana bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Citizens Bank, out of Mooresville, Indiana. The loan was granted and they received $150,000 to help grow their Martinsville, Indiana business.

SBA Loan Borrower

COMPANY TYPE: DISCOUNT DEPARTMENT STORES
MARTINSVILLE, IN 46151

SBA Loan Lender

CITIZENS BANK
33 N INDIANA ST
MOORESVILLE, IN 46158

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.

NAICS Code

452112 - Discount Department Stores

Loan Approval Date

4/28/2005

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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Citizens Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding - How to Decide How Much to Raise

Small Business Banks in Mooresville, Indiana

Indiana SBA Bank Lenders