Clarksville, Indiana Bank Lends Money to Physicians Company in Memphis, Indiana

Get to know Clarksville, Indiana banks that specialize in business loans and know how to work with entrepreneurs. Stock Yards Bank & Trust is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Memphis, Indiana starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Stock Yards Bank & Trust. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
MEMPHIS, IN 47143

SBA Loan Lender

STOCK YARDS BANK & TRUST
227 E LEWIS & CLARK PKWY
CLARKSVILLE, IN 47129

This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

4/6/2006

Loan Approval Gross Amount

$119,500

Loan Approval from the SBA

Of the total $119,500 loan amount, the SBA guaranteed $89,625.

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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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:

The Friends and Family Network

Good Banks for Small Business in Clarksville, Indiana

Indiana SBA 7A Banks