Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

We Needed a Small Business Loan in Merrillville, Indiana and We Got One!

 

 
Loan Census SBA Loan Info

Financing for Real Estate Agents and Brokers

Looking for commercial loans for real estate agents and brokers? Talk to a banker who works with the SBA. This $50,100 real estate agents and brokers loan was issued by an Indiana bank.

This business knew how to go about getting a business bank loan. Based in Merrillville, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Peoples Bank Sb, based in Munster, Indiana.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS
MERRILLVILLE, IN 46410

SBA Loan Lender

PEOPLES BANK SB
9204 COLUMBIA AVE, BLDG B
MUNSTER, IN 46321

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

8/25/2005

Loan Approval Gross Amount

$50,100

Loan Approval from the SBA

Of the total $50,100 loan amount, the SBA guaranteed $25,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $50,100. How would you spend $50,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Getting a Small Business Loan

Who Lends Money to Small Businesses in Munster, Indiana

Indiana SBA 7A Lenders