Getting an SBA Loan for Packaged Frozen Food Wholesalers

Looking for commercial loans for packaged frozen food wholesalers? Try the SBA. This $500,000 packaged frozen food wholesalers loan was issued by an Indiana bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Citizens Bank, out of Indianapolis, Indiana. The loan was granted and they received $500,000 to help grow their Odon, Indiana business.

SBA Loan Borrower

COMPANY TYPE: PACKAGED FROZEN FOODS
ODON, IN 47562

SBA Loan Lender

CITIZENS BANK
201 S CAPITAL, STE 650
INDIANAPOLIS, IN 46225

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending history and a thorough understanding of SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5142 - Packaged Frozen Foods

NAICS Code

422420 - Packaged Frozen Food Wholesalers

Loan Approval Date

8/25/2004

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 22 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

Related Links:

Obtaining Funding - How to Borrow Money

SBA 7A Banks for Indianapolis, Indiana Loans

Indiana SBA Banks