How to Get a Loan for Meat Markets

Looking for business loans for meat markets? The SBA may be the answer. This $95,500 meat markets loan was issued by an Indiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Schnellville, Indiana was able to borrow $95,500 from German American Bancorp. The SBA made the loan possible by guaranteeing $81,175 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT MARKETS
SCHNELLVILLE, IN 47580

SBA Loan Lender

GERMAN AMERICAN BANCORP
711 MAIN ST
JASPER, IN 47546

This lender issued this particular bank 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

445210 - Meat Markets

Loan Approval Date

9/10/2004

Loan Approval Gross Amount

$95,500

Loan Approval from the SBA

Of the total $95,500 loan amount, the SBA guaranteed $81,175.

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 documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. German American Bancorp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, German American Bancorp made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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