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November 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Fort Wayne, Business Loans > Star Financial Bank Fort Wayne Business Loans > Landscaping Services Loan | ||||
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Fort Wayne, Indiana SBA Lenders
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Fort Wayne, Indiana Bank Lends Money to Landscaping Services Company in New Castle, IndianaA Fort Wayne, Indiana business loan can be yours. Learn how a company got a $7,400 business loan from this Indiana bank. This loan to an entrepreneur is a good example of an SBA loan. Star Financial Bank made the loan and the SBA guaranteed a portion of the loan. Many other Indiana entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender STAR FINANCIAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 561730 - Landscaping Services Loan Approval Date 4/25/2006 Loan Approval Gross Amount $7,400 Loan Approval from the SBA Of the total $7,400 loan amount, the SBA guaranteed $3,700. 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Dealing With Venture Capitalists Who Lends Money to Small Businesses in Fort Wayne, Indiana
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