Raising Money for Nonresidential Property Managers
Looking for bank loans for nonresidential property managers? Try the SBA. This $337,500 nonresidential property managers loan was issued by an Indiana bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Nashville, Indiana was able to borrow $337,500 from Irwin Union Bank & Trust. The SBA made the loan possible by guaranteeing $253,125 of this Indiana small business loan.
SBA Loan Borrower
COMPANY TYPE: NONRESIDENTIAL PROPERTY MANAGERS
NASHVILLE, IN 47448
SBA Loan Lender
IRWIN UNION BANK & TRUST
500 WASHINGTON ST
COLUMBUS, IN 47201
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
531312 - Nonresidential Property Managers
Loan Approval Date
12/4/2003
Loan Approval Gross Amount
$337,500
Loan Approval from the SBA
Of the total $337,500 loan amount, the SBA guaranteed $253,125.
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 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.
Next Steps for Getting an SBA Loan
If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source
This SBA loan was for $337,500. How would you spend $337,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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