Muncie, Indiana Bank Lends Money to Real Estate Agents And Managers Company in Muncie, Indiana

Want to talk with a Muncie, Indiana bank about a business loan? Here's one Indiana business loan, issued by a Muncie bank, that was approved by the SBA.

Applying for an SBA loan with Star Financial Bank worked out well for our friends at one local business in Muncie, Indiana. They received an SBA loan for $72,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE AGENTS AND MANAGERS
MUNCIE, IN 47307

SBA Loan Lender

STAR FINANCIAL BANK
400 N HIGH ST, STE 100
MUNCIE, IN 47305

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers

NAICS Code

531312 - Nonresidential Property Managers

Loan Approval Date

8/23/2002

Loan Approval Gross Amount

$72,000

Loan Approval from the SBA

Of the total $72,000 loan amount, the SBA guaranteed $61,200.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Star Financial Bank and they will explain how you can get an SBA loan for your company.

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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