Temporary Help Services Business Loans

Looking for business loans for temporary help services? Talk to a banker who works with the SBA. This $360,000 temporary help services loan was issued by an Indiana bank.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Lincoln Bank, out of Plainfield, Indiana. The loan was granted and they received $360,000 to help grow their Mooresville, Indiana business.

SBA Loan Borrower

COMPANY TYPE: TEMPORARY HELP SERVICES
MOORESVILLE, IN 46158

SBA Loan Lender

LINCOLN BANK
905 SOUTHFIELD DR
PLAINFIELD, IN 46168

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561320 - Temporary Help Services

Loan Approval Date

11/28/2007

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

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 15 employees. The loan application indicated that the loan would help retain 15 existing jobs.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $360,000 loan. Remember, if it to be, it is up to me!

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:

504 Loans

SBA Banks in Plainfield, Indiana

Getting a Business Loan in Indiana