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May 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Ada, Business Loans > Fifth Third Bank Ada Business Loans > Relay And Industrial Control Manufacturing Loan | ||||
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How to Get SBA Money in Evansville, Indiana
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Fifth Third Bank Gives SBA Loan to Relay And Industrial Control Manufacturing CompanyIndianaSBA loans are available to Indiana entrepreneurs through the SBA. In this case, a Michigan bank provides the loan. This small business, based in Evansville, Indiana, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Fifth Third Bank. We've got the inside scoop on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: RELAY AND INDUSTRIAL CONTROL MANUFACTURING SBA Loan Lender FIFTH THIRD BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 335314 - Relay and Industrial Control Manufacturing Loan Approval Date 3/12/2007 Loan Approval Gross Amount $650,000 Loan Approval from the SBA Of the total $650,000 loan amount, the SBA guaranteed $487,500. 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 18 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 18 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Fifth Third Bank and they will explain how you can get an SBA loan for your company. 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: Best Ada, Michigan Banks for Small Business
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