Firm Gets an Indiana SBA Loan

IndianaSmall business loans are available to Indiana small business owners through the SBA. In this case, an Indiana bank provides the loan.

Getting a small business loan in Seymour, Indiana was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Salin Bank & Trust Company. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
SEYMOUR, IN 47274

SBA Loan Lender

SALIN BANK & TRUST COMPANY
655 THIRD ST
COLUMBUS, IN 47201

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

7/11/2003

Loan Approval Gross Amount

$114,456

Loan Approval from the SBA

Of the total $114,456 loan amount, the SBA guaranteed $97,287.

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 9 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $114,456 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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