West Lafayette, Indiana Business Gets SBA-Guaranteed Funding from Lafayette Bank & Trust Natl

Lafayette Bank & Trust Natl is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Indiana entrepreneur who tapped into the power of SBA loans.

This growing company knew how to go about getting a business bank loan. Based in West Lafayette, Indiana, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Lafayette Bank & Trust Natl, based in Lafayette, Indiana.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
WEST LAFAYETTE, IN 47906

SBA Loan Lender

LAFAYETTE BANK & TRUST NATL
250 MAIN ST
LAFAYETTE, IN 47901

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

2/26/2002

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 20 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in West Lafayette IN, you ought to talk with a local West Lafayette SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Lafayette businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Lafayette Bank & Trust Natl so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Debt Financing

SBA Approved Banks in Lafayette, Indiana

SBA Lenders in Indiana