Indiana Bank Loan Issued to Candy And Other Confectionery Products Company

IndianaSBA loans are available to Indiana entrepreneurs through the SBA. In this case, an Indiana bank provides the loan.

Getting a small business loan in Fort Wayne, Indiana was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Salin Bank & Trust Company. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: CANDY AND OTHER CONFECTIONERY PRODUCTS
FORT WAYNE, IN 46809

SBA Loan Lender

SALIN BANK & TRUST COMPANY
110 W MAIN ST
FORT WAYNE, IN 46802

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2064 - Candy and Other Confectionery Products

NAICS Code

311330 - Confectionery Manufacturing from Purchased Chocolate

Loan Approval Date

6/16/2003

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Microlending as a Small Business Funding Source

Small Bank Loans in Fort Wayne, Indiana

SBA Lenders in Indiana