Business Loans for Used Merchandise Stores
Looking for business loans for used merchandise stores? Try the SBA. This $25,000 used merchandise stores loan was issued by an Indiana bank.
This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First State Bank Of Porter, out of Porter, Indiana. The loan was granted and they received $25,000 to help grow their Portage, Indiana business.
SBA Loan Borrower
COMPANY TYPE: USED MERCHANDISE STORES
PORTAGE, IN 46368
SBA Loan Lender
FIRST STATE BANK OF PORTER
230 LINCOLN ST
PORTER, IN 46304
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5932 - Used Merchandise Stores
NAICS Code
453310 - Used Merchandise Stores
Loan Approval Date
6/30/2006
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
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 2 employees. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Debt Financing
SBA 7A Lenders in Porter, Indiana
Indiana SBA 7A Lenders