Loan Census Banking News and Information
May 12, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA Loan in Peru, Indiana and We Got One!

 

 
Loan Census SBA Loan Info

Manufactured Home Dealers Loans

Looking for loans for manufactured home dealers? Try the SBA. This $16,000 manufactured home dealers loan was issued by an Indiana bank.

Getting a small business loan in Peru, Indiana was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Farmers Bank And Trust, operating out of Converse, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURED HOME DEALERS
PERU, IN 46970

SBA Loan Lender

FIRST FARMERS BANK AND TRUST
123 N JEFFERSON
CONVERSE, IN 46919

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453930 - Manufactured Home Dealers

Loan Approval Date

10/19/2006

Loan Approval Gross Amount

$16,000

Loan Approval from the SBA

Of the total $16,000 loan amount, the SBA guaranteed $8,000.

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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Family and Friend Investors - Your First Financiers

SBA Banks in Converse, Indiana

SBA Lenders in Indiana