How to Get a Loan for Light Truck and Utility Vehicle Manufacturing

With these commercial loans for light truck and utility vehicle manufacturing, the SBA guarantees the lender that the loan will be repaid. This light truck and utility vehicle manufacturing loan for $533,000 was given to an Indiana entrepreneur in 2008.

This small business knew how to go about getting a business bank loan. Based in Noblesville, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Community Bank, based in Noblesville, Indiana.

SBA Loan Borrower

COMPANY TYPE: LIGHT TRUCK AND UTILITY VEHICLE MANUFACTURING
NOBLESVILLE, IN 46060

SBA Loan Lender

COMMUNITY BANK
830 LOGAN ST
NOBLESVILLE, IN 46060

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336112 - Light Truck and Utility Vehicle Manufacturing

Loan Approval Date

1/8/2008

Loan Approval Gross Amount

$533,000

Loan Approval from the SBA

Of the total $533,000 loan amount, the SBA guaranteed $399,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 59 employees. The loan application indicated that the loan would help generate 13 new jobs and retain 46 existing jobs.

Next Steps for Getting an SBA Loan

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

The Friends and Family Network

Small Bank Loans in Noblesville, Indiana

SBA Lenders in Indiana