Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

Examples of Rolling Prairie SBA Loans

 

 
Loan Census SBA Loan Info

Packaging Machinery Manufacturing Loans

Looking for loans for packaging machinery manufacturing? Talk to a banker who works with the SBA. This $300,000 packaging machinery manufacturing loan was issued by an Indiana bank.

Getting a small business loan in Rolling Prairie, Indiana was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Centier Bank, operating out of Merrillville, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: PACKAGING MACHINERY
ROLLING PRAIRIE, IN 46350

SBA Loan Lender

CENTIER BANK
600 E 84TH AVE
MERRILLVILLE, IN 46410

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 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3565 - Packaging Machinery

NAICS Code

333993 - Packaging Machinery Manufacturing

Loan Approval Date

6/17/2004

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 45 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

The Art of Bootstrapping

Good Banks for Small Business in Merrillville, Indiana

Indiana SBA 7A Lenders