Borrowing Money for Confectionery and Nut Stores

Looking for bank loans for confectionery and nut stores? Try the SBA. This $200,000 confectionery and nut stores loan was issued by an Indiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Michigan City, Indiana was able to borrow $200,000 from Horizon Bank. The SBA made the loan possible by guaranteeing $150,000 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: CONFECTIONERY AND NUT STORES
MICHIGAN CITY, IN 46360

SBA Loan Lender

HORIZON BANK
515 FRANKLIN SQ
MICHIGAN CITY, IN 46360

This lender issued this business loan under the 7A SBA 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

445292 - Confectionery and Nut Stores

Loan Approval Date

8/16/2006

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 11 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

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

If you have been wondering how do i get money to start a business in Michigan City IN, you ought to talk with a local Michigan City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Michigan City businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Horizon Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Horizon Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Business Cash Advances

Small Business Banks in Michigan City, Indiana

Find an SBA Lender in Indiana