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May 17, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Traverse City, Business Loans > Irwin Union Bank & Trust Traverse City Business Loans > Auto And Home Supply Stores Loan | ||||
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Irwin Union Bank & Trust Morristown, Indiana
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Morristown, Indiana Business Gets SBA-Guaranteed Funding from Irwin Union Bank & TrustIrwin Union Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Morristown, Indiana was able to borrow $72,900 from Irwin Union Bank & Trust. The SBA made the loan possible by guaranteeing $61,965 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: AUTO AND HOME SUPPLY STORES SBA Loan Lender IRWIN UNION BANK & TRUST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5531 - Auto and Home Supply Stores NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 1/6/2003 Loan Approval Gross Amount $72,900 Loan Approval from the SBA Of the total $72,900 loan amount, the SBA guaranteed $61,965. 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 SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a company in Morristown IN, you ought to talk with a local Morristown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Morristown businesses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 Participating Banks in Traverse City, Michigan
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