Where to Get Capital for Commercial Bakeries

With these SBA loans for commercial bakeries, the SBA guarantees the lender that the loan will be repaid. This commercial bakeries loan for $528,000 was given to an Indiana entrepreneur in 2007.

Getting a small business loan in Odon, Indiana was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from American Enterprise Bank, operating out of Buffalo Grove, Illinois. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL BAKERIES
ODON, IN 47562

SBA Loan Lender

AMERICAN ENTERPRISE BANK
600 N BUFFALO GROVE RD
BUFFALO GROVE, IL 60089

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

5/30/2007

Loan Approval Gross Amount

$528,000

Loan Approval from the SBA

Of the total $528,000 loan amount, the SBA guaranteed $396,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 61 employees. The loan application indicated that the loan would help retain 61 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Odon or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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