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

Thinking about meeting with a Goshen, Indiana bank about an SBA loan? Here's one Indiana business loan, issued by a Goshen bank, that was approved by the SBA.

Applying for an SBA loan with Goshen Community Bank worked out well for our friends at one local business in Mishawaka, Indiana. They received an SBA loan for $150,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: PLASTICS BAG AND POUCH MANUFACTURING
MISHAWAKA, IN 46545

SBA Loan Lender

GOSHEN COMMUNITY BANK
511 W LINCOLN AVE
GOSHEN, IN 46526

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

326111 - Plastics Bag and Pouch Manufacturing

Loan Approval Date

11/19/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 35 employees. The SBA loan documents indicated that the loan would help retain 35 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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.

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