Entrepreneur Works With Elkhart, Indiana Bank to Get an SBA Loan

Get business loans from an Elkhart, Indiana bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Inova Fcu is a Elkhart, Indiana small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Indiana company.

SBA Loan Borrower

COMPANY TYPE: FATS AND OILS REFINING AND BLENDING
MISHAWAKA, IN 46545

SBA Loan Lender

INOVA FCU
358 S ELKHORT AVE
ELKHART, IN 46515

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311225 - Fats and Oils Refining and Blending

Loan Approval Date

9/27/2006

Loan Approval Gross Amount

$710,100

Loan Approval from the SBA

Of the total $710,100 loan amount, the SBA guaranteed $532,575.

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 5 employees. The loan application did not indicate that the SBA funding recipient promised 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 loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you need seed money for 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:

Borrowing Money from Friends and Family

SBA Participating Banks in Elkhart, Indiana

Where to Get an SBA Loan Indiana