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December 21, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Fort Wayne, Business Loans > Star Financial Bank Fort Wayne Business Loans > Furniture Stores Loan | ||||
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Raising Money in Zionsville, Indiana With SBA Loans
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Furniture Stores Small Business LoansLooking for small business loans for furniture stores? The SBA may be the answer. This $65,000 furniture stores loan was issued by an Indiana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Zionsville, Indiana was able to borrow $65,000 from Star Financial Bank. The SBA made the loan possible by guaranteeing $32,500 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender STAR FINANCIAL BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 442110 - Furniture Stores Loan Approval Date 4/6/2006 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $32,500. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 17 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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. Related Links: Good Banks for Small Business in Fort Wayne, Indiana Getting an SBA Loan in Indiana
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