Raising Money for Hand and Edge Tool Manufacturing

Looking for bank loans for hand and edge tool manufacturing? Try the SBA. This $117,248 hand and edge tool manufacturing loan was issued by an Indiana bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Indiana Bank And Trust, out of Columbus, Indiana. The loan was granted and they received $117,248 to help grow their Batesville, Indiana business.

SBA Loan Borrower

COMPANY TYPE: HAND AND EDGE TOOL MANUFACTURING
BATESVILLE, IN 47006

SBA Loan Lender

INDIANA BANK AND TRUST
3801 TUPELO DR
COLUMBUS, IN 47201

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.

NAICS Code

332212 - Hand and Edge Tool Manufacturing

Loan Approval Date

9/24/2004

Loan Approval Gross Amount

$117,248

Loan Approval from the SBA

Of the total $117,248 loan amount, the SBA guaranteed $99,660.

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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Financing Your Business

SBA Approved Banks in Columbus, Indiana

Where to Get an SBA Loan Indiana