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May 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Lizton, Business Loans > State Bank Of Lizton Lizton Business Loans > Speed Changer, Industrial High-Speed Drive, And Gear Manufacturing Loan | ||||
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How Hard Is It to Get a Small Business Loan in Brownsburg, Indiana?
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Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing Small Business LoansWith these small business loans for speed changer, industrial high-speed drive, and gear manufacturing, the SBA guarantees the lender that the loan will be repaid. This speed changer, industrial high-speed drive, and gear manufacturing loan for $337,800 was given to an Indiana entrepreneur in 2007. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with State Bank Of Lizton, out of Lizton, Indiana. The loan was granted and they received $337,800 to help grow their Brownsburg, Indiana business. SBA Loan Borrower COMPANY TYPE: SPEED CHANGER, INDUSTRIAL HIGH-SPEED DRIVE, AND GEAR MANUFACTURING SBA Loan Lender STATE BANK OF LIZTON The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333612 - Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing Loan Approval Date 3/6/2007 Loan Approval Gross Amount $337,800 Loan Approval from the SBA Of the total $337,800 loan amount, the SBA guaranteed $253,350. 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 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into State Bank Of Lizton and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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