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May 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Goshen, Business Loans > Goshen Community Bank Goshen Business Loans > Repair Shops And Related Services Loan | ||||
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Goshen Lenders
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Goshen, Indiana Bank Lends Money to Repair Shops And Related Services Company in Goshen, IndianaWant to talk with a Goshen, Indiana bank about a business loan? Here's one Indiana business loan, issued by a Goshen bank, that was approved by the SBA. Applying for an SBA loan with Goshen Community Bank worked out well for our friends at one local firm in Goshen, Indiana. The business was able to get an SBA loan for $70,000. Awesome! SBA Loan Borrower COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES SBA Loan Lender GOSHEN COMMUNITY BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7699 - Repair Shops and Related Services NAICS Code 453220 - Gift, Novelty, and Souvenir Stores Loan Approval Date 3/21/2003 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. 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 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Goshen or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Approved Banks in Goshen, Indiana
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