Muncie, Indiana Bank Lends Money to Special Trade Contractors Company in Pendleton, Indiana

Get SBA loans from a Muncie, Indiana bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Star Financial Bank is a Muncie, Indiana small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Indiana company.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
PENDLETON, IN 46064

SBA Loan Lender

STAR FINANCIAL BANK
400 N HIGH ST, STE 100
MUNCIE, IN 47305

This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

235920 - Glass and Glazing Contractors

Loan Approval Date

1/14/2004

Loan Approval Gross Amount

$213,059

Loan Approval from the SBA

Of the total $213,059 loan amount, the SBA guaranteed $159,794.

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 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $213,059 loan. Remember, things become real when you believe you can achieve them!

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:

Bank Credit Lines

SBA 7A Banks in Muncie, Indiana

Getting a Business Loan in Indiana