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May 13, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Peru, Business Loans > First Farmers Bank And Trust Peru Business Loans > Engineering Services Loan | ||||
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First Farmers Bank And Trust Small Business Loan
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Borrowing Money for Engineering ServicesLooking for loans for engineering services? Talk to a banker who works with the SBA. This $400,000 engineering services loan was issued by an Indiana bank. Getting a small business loan in Peru, Indiana was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First Farmers Bank And Trust, operating out of Peru, Indiana. Here are the details on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender FIRST FARMERS BANK AND TRUST This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8711 - Engineering Services NAICS Code 541330 - Engineering Services Loan Approval Date 4/21/2003 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 14 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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: Best Peru, Indiana Banks for Small Business
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