National City Bank Gives Bank Loan to Machine Tool Manufacturing Company
Bank loans in Indiana are are few and far betweeen these days. We take a look at one Indiana bank loan, provided by an Indiana bank, that was approved by the SBA.
You can learn something about getting a small business loan in Sheridan, Indiana by studying this loan to a local company, made back in 2003. Banks like National City Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: MACHINE TOOL MANUFACTURING
SHERIDAN, IN 46069
SBA Loan Lender
NATIONAL CITY BANK
101 W WASHINGTON ST # 100 E
INDIANAPOLIS, IN 46255
This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
333512 - Machine Tool Manufacturing
Loan Approval Date
9/12/2003
Loan Approval Gross Amount
$127,500
Loan Approval from the SBA
Of the total $127,500 loan amount, the SBA guaranteed $95,625.
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 SBA loan documents indicated that the loan would help retain 2 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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