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November 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Friendship, Business Loans > The Friendship State Bank Friendship Business Loans > Store Retailers Loan | ||||
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SBA Lenders for Entrepreneurs in Indiana
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Versailles, Indiana Entrepreneur Gets a Bank LoanIndianaBusiness loans are available to Indiana business owners through the SBA. In this case, an Indiana bank provides the loan. Getting a small business loan in Versailles, Indiana was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from The Friendship State Bank. Here are the details on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender THE FRIENDSHIP STATE BANK This lender issued this particular business 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 453998 - Store Retailers Loan Approval Date 3/16/2004 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Raising VC Money for Social Networking Companies
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