Plainfield, Indiana Business Gets SBA-Guaranteed Funding from Key Direct, A Branch Of

Key Direct, A Branch Of and the SBA work together to get business loans for growing small businesses. Here's an example of how an Indiana entrepreneur was able to get a loan to take a small business to the next level.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Key Direct, A Branch Of, out of Brooklyn, Ohio. The loan was granted and they received $258,025 to help grow their Plainfield, Indiana business.

SBA Loan Borrower

COMPANY TYPE: INTERNAL COMBUSTION ENGINES, NEC
PLAINFIELD, IN 46168

SBA Loan Lender

KEY DIRECT, A BRANCH OF
4910 TIEDEMAN RD, OH-01-51-06
BROOKLYN, OH 44144

This bank 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.

SIC Code

3519 - Internal Combustion Engines, NEC

NAICS Code

336399 - Motor Vehicle Parts Manufacturing

Loan Approval Date

11/18/2002

Loan Approval Gross Amount

$258,025

Loan Approval from the SBA

Of the total $258,025 loan amount, the SBA guaranteed $193,519.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

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 $258,025 loan. Remember, you control your own destiny.

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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SBA Participating Banks in Brooklyn, Ohio

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