La Porte, Indiana Bank Lends Money to Eating Places Company in Westville, Indiana

Thinking about meeting with a La Porte, Indiana bank about an SBA loan? Here's one Indiana business loan, issued by a La Porte bank, that was approved by the SBA.

Applying for an SBA loan with 1st Source Bank worked out well for our friends at one local company in Westville, Indiana. They got an SBA loan for $85,000. Nice!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
WESTVILLE, IN 46391

SBA Loan Lender

1ST SOURCE BANK
1100 BOYD BLVD
LA PORTE, IN 46350

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/15/2002

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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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