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May 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Alto Pass, Business Loans > Farmers St. Bank - Alto Pass Alto Pass Business Loans > Pet Care Services Loan | ||||
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We Needed a Small Business Loan in Haubstadt, Indiana and We Got One!
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Pet Care Services LoansLooking for loans for pet care services? An SBA loan may be just what you've been looking for. This $240,480 pet care services loan was issued by an Illinois bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Haubstadt, Indiana was able to borrow $240,480 from Farmers St. Bank - Alto Pass. The SBA made the loan possible by guaranteeing $180,360 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: PET CARE SERVICES SBA Loan Lender FARMERS ST. BANK - ALTO PASS This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812910 - Pet Care Services Loan Approval Date 7/11/2007 Loan Approval Gross Amount $240,480 Loan Approval from the SBA Of the total $240,480 loan amount, the SBA guaranteed $180,360. 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 3 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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 Farmers St. Bank - Alto Pass 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: Dealing With Venture Capitalists Best Alto Pass, Illinois Banks for Small Business
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