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May 17, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Fort Wayne, Business Loans > Grabill Bank Fort Wayne Business Loans > Heating Equipment Loan | ||||
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Marion, Indiana Bank Loan
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Heating Equipment Manufacturing Small Business LoansLooking for small business loans for heating equipment manufacturing? An SBA loan may be just what you've been looking for. This $50,000 heating equipment manufacturing loan was issued by an Indiana bank. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Grabill Bank, out of Fort Wayne, Indiana. The loan was granted and they received $50,000 to help grow their Marion, Indiana business. SBA Loan Borrower COMPANY TYPE: HEATING EQUIPMENT SBA Loan Lender GRABILL BANK This lender issued this particular commercial 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 3433 - Heating Equipment NAICS Code 333414 - Heating Equipment Manufacturing Loan Approval Date 4/12/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $40,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 7A Banks for Fort Wayne, Indiana Loans
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