Crushed and Broken Limestone Mining Business Loans

Looking for business loans for crushed and broken limestone mining? Try the SBA. This $2,000,000 crushed and broken limestone mining loan was issued by an Indiana bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Irwin Union Bank & Trust, out of Columbus, Indiana. The loan was granted and they received $2,000,000 to help grow their Springfield, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: CRUSHED AND BROKEN LIMESTONE
SPRINGFIELD, KY 40069

SBA Loan Lender

IRWIN UNION BANK & TRUST
500 WASHINGTON ST
COLUMBUS, IN 47201

This loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1422 - Crushed and Broken Limestone

NAICS Code

212312 - Crushed and Broken Limestone Mining

Loan Approval Date

3/17/2006

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 28 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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