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December 21, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Indianapolis, Business Loans > National City Bank Indianapolis Business Loans > Book Stores Loan | ||||
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Business Loan from National City Bank
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National City Bank SBA Loan to Book Stores CompanyAn SBA loan from National City Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Plymouth, Indiana business owner got a $71,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Plymouth, Indiana was able to borrow $71,000 from National City Bank. The SBA made the loan possible by guaranteeing $35,500 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender NATIONAL CITY BANK This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 451211 - Book Stores Loan Approval Date 3/17/2006 Loan Approval Gross Amount $71,000 Loan Approval from the SBA Of the total $71,000 loan amount, the SBA guaranteed $35,500. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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 $71,000 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: SBA 7A Banks for Indianapolis, Indiana Loans
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