New Paris, Indiana Business Gets SBA-Guaranteed Funding from Lasalle Bank Midwest

Lasalle Bank Midwest has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in New Paris, Indiana, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Lasalle Bank Midwest, based in Lansing, Michigan.

SBA Loan Borrower

COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING
NEW PARIS, IN 46553

SBA Loan Lender

LASALLE BANK MIDWEST
124 W ALLEGAN
LANSING, MI 48933

This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

337110 - Wood Kitchen Cabinet and Countertop Manufacturing

Loan Approval Date

9/15/2004

Loan Approval Gross Amount

$716,000

Loan Approval from the SBA

Of the total $716,000 loan amount, the SBA guaranteed $358,000.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 40 new jobs and retain 43 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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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