Raising Money for Confectionery Manufacturing from Purchased Chocolate
Looking for business loans for confectionery manufacturing from purchased chocolate? Talk to a banker who works with the SBA. This $400,000 confectionery manufacturing from purchased chocolate loan was issued by an Indiana bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Wayne, Indiana was able to borrow $400,000 from Salin Bank & Trust Company. The SBA made the loan possible by guaranteeing $300,000 of 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
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.
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
8/6/2004
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 an existing business. This loan was not for a franchise. At the time of the loan, the company
had 20 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you are working on finding money to start a business in Fort Wayne IN, you ought to talk with a local Fort Wayne SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fort Wayne businesses.
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 Salin Bank & Trust Company 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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