Princeton, Indiana Business Gets SBA-Guaranteed Funding from Integra Bank

An SBA loan from Integra Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Princeton, Indiana business owner got a $92,500 loan.

This growing company knew how to go about getting a business bank loan. Based in Princeton, Indiana, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Integra Bank, based in Evansville, Indiana.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
PRINCETON, IN 47670

SBA Loan Lender

INTEGRA BANK
21 SE 3RD ST
EVANSVILLE, IN 47708

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

5/20/2005

Loan Approval Gross Amount

$92,500

Loan Approval from the SBA

Of the total $92,500 loan amount, the SBA guaranteed $78,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Princeton IN, you ought to talk with a local Princeton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Princeton businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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