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May 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Muncie, Business Loans > Star Financial Bank Muncie Business Loans > Office Equipment Loan | ||||
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SBA Lenders in Fishers
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Star Financial Bank SBA Loan to Office Equipment CompanyStar Financial Bank has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them. Getting a small business loan in Fishers, Indiana was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Star Financial Bank, operating out of Muncie, Indiana. Here are the details on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: OFFICE EQUIPMENT SBA Loan Lender STAR FINANCIAL BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5044 - Office Equipment NAICS Code 421420 - Office Equipment Wholesalers Loan Approval Date 4/24/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 10 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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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