Raising Money for Nursing Care Facilities

With these bank loans for nursing care facilities, the SBA guarantees the lender that the loan will be repaid. This nursing care facilities loan for $384,000 was given to an Indiana entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Vincennes, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Fifth Third Bank, based in Louisville, Kentucky.

SBA Loan Borrower

COMPANY TYPE: NURSING CARE FACILITIES
VINCENNES, IN 47591

SBA Loan Lender

FIFTH THIRD BANK
401 S 4TH AVE
LOUISVILLE, KY 40202

This 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

623110 - Nursing Care Facilities

Loan Approval Date

5/25/2007

Loan Approval Gross Amount

$384,000

Loan Approval from the SBA

Of the total $384,000 loan amount, the SBA guaranteed $288,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 65 employees. The SBA loan application for the borrower indicated that the loan would help retain 65 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Vincennes IN, you ought to talk with a local Vincennes SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Vincennes businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Fifth Third Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Alternative Financing

SBA 7A Lenders in Louisville, Kentucky

Getting an SBA Loan in Kentucky