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April 30, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Indianapolis, Business Loans > National City Bank Indianapolis Business Loans > Ceramic Wall And Floor Tile Loan | ||||
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Who Can Get a Business Loan in Louisville, Kentucky?
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Bank Loans for Ceramic Wall and Floor Tile ManufacturingWith these bank loans for ceramic wall and floor tile manufacturing, the SBA guarantees the lender that the loan will be repaid. This ceramic wall and floor tile manufacturing loan for $20,000 was given to a Kentucky entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Louisville, Kentucky was able to borrow $20,000 from National City Bank. The SBA made the loan possible by guaranteeing $17,000 of this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: CERAMIC WALL AND FLOOR TILE SBA Loan Lender NATIONAL CITY BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3253 - Ceramic Wall and Floor Tile NAICS Code 327122 - Ceramic Wall and Floor Tile Manufacturing Loan Approval Date 5/22/2002 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $17,000. 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 only one employee. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $20,000. How would you spend $20,000 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: SBA Banks in Indianapolis, Indiana
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