Commercial Loans for Air Purification Equipment Manufacturing

Looking for commercial loans for air purification equipment manufacturing? The SBA may be the answer. This $300,000 air purification equipment manufacturing loan was issued by an Indiana bank.

This business knew how to go about getting a business bank loan. Based in Seymour, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Bloomfield State Bank, based in Bloomfield, Indiana.

SBA Loan Borrower

COMPANY TYPE: AIR PURIFICATION EQUIPMENT MANUFACTURING
SEYMOUR, IN 47274

SBA Loan Lender

BLOOMFIELD STATE BANK
48 N WASHINGTON
BLOOMFIELD, IN 47424

This business 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

333411 - Air Purification Equipment Manufacturing

Loan Approval Date

7/10/2007

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 18 employees. The SBA loan application for the borrower indicated that the loan would help generate 9 new jobs and retain 9 existing jobs.

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 $300,000 loan. Remember, fight for what you want, and it will be yours!

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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