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November 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Vincennes, Business Loans > German American Bancorp Vincennes Business Loans > Florists Loan | ||||
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Small Business Banks for Petersburg Small Business Owners
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How to Get a Loan for FloristsWith these commercial loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $50,000 was given to an Indiana entrepreneur in 2005. This small business knew how to go about getting a business bank loan. Based in Petersburg, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was German American Bancorp, based in Vincennes, Indiana. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender GERMAN AMERICAN BANCORP This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 10/28/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 5 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Petersburg 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. Related Links: Determining Proper Capital Structure for a Business Good Banks for Small Business in Vincennes, Indiana Browse All Business Loan Sources for Indiana
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