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May 16, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Brookfield, Business Loans > Ridgestone Bank Brookfield Business Loans > Basic Inorganic Chemical Manufacturing Loan | ||||
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SBA Loans for Basic Inorganic Chemical ManufacturingLooking for SBA loans for basic inorganic chemical manufacturing? Talk to a banker who works with the SBA. This $2,000,000 basic inorganic chemical manufacturing loan was issued by a Wisconsin bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bloomington, Indiana was able to borrow $2,000,000 from Ridgestone Bank. The SBA made the loan possible by guaranteeing $1,500,000 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: BASIC INORGANIC CHEMICAL MANUFACTURING SBA Loan Lender RIDGESTONE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325188 - Basic Inorganic Chemical Manufacturing Loan Approval Date 5/24/2007 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. 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 394 employees. The SBA loan documents indicated that the loan would help generate 200 new jobs and retain 194 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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 Banks for Small Business in Brookfield, Wisconsin
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