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April 29, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Indianapolis, Business Loans > Old National Bank Indianapolis Business Loans > Special Industry Machinery Loan | ||||
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Examples of Beech Grove SBA Loans
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Business Loans for Industrial Machinery ManufacturingLooking for business loans for industrial machinery manufacturing? An SBA loan may be just what you've been looking for. This $234,500 industrial machinery manufacturing loan was issued by an Indiana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Beech Grove, Indiana was able to borrow $234,500 from Old National Bank. The SBA made the loan possible by guaranteeing $175,875 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: SPECIAL INDUSTRY MACHINERY SBA Loan Lender OLD NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3559 - Special Industry Machinery NAICS Code 333298 - Industrial Machinery Manufacturing Loan Approval Date 8/12/2005 Loan Approval Gross Amount $234,500 Loan Approval from the SBA Of the total $234,500 loan amount, the SBA guaranteed $175,875. More Information on This SBA Loan The borrower borrowed this money for an existing 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 7 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Small Bank Loans in Indianapolis, Indiana
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