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May 18, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Porter, Business Loans > First State Bank Of Porter Porter Business Loans > Specialty Outpatient Facilities Loan | ||||
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Indiana SBA Banks
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Porter, Indiana Bank Gives SBA Loan to Specialty Outpatient Facilities CompanyA Porter, Indiana business loan can be yours. Learn how a company got a $100,800 business loan from this Indiana bank. This loan to a local firm is a good example of an SBA loan. First State Bank Of Porter made the loan and the SBA guaranteed a portion of the loan. Many other Indiana entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: SPECIALTY OUTPATIENT FACILITIES SBA Loan Lender FIRST STATE BANK OF PORTER 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 8093 - Specialty Outpatient Facilities NAICS Code 621410 - Family Planning Centers Loan Approval Date 7/17/2001 Loan Approval Gross Amount $100,800 Loan Approval from the SBA Of the total $100,800 loan amount, the SBA guaranteed $85,680. 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. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 First State Bank Of Porter 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: Determining Proper Capital Structure for a Business Best Banks for Small Business in Porter, Indiana Getting an SBA Loan in Indiana
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