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May 17, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Lafayette, Business Loans > Old National Bank Lafayette Business Loans > Offices And Clinics Of Dentists Loan | ||||
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Old National Bank
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Old National Bank SBA Loan to Offices And Clinics Of Dentists CompanyAn SBA loan from Old National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bloomington, Indiana business owner got a $525,620 loan. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Old National Bank, out of Lafayette, Indiana. The loan was granted and they received $525,620 to help grow their Bloomington, Indiana business. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS SBA Loan Lender OLD NATIONAL BANK This SBA small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a deep knowledge SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8021 - Offices and Clinics of Dentists NAICS Code 621210 - Dentists Loan Approval Date 4/21/2005 Loan Approval Gross Amount $525,620 Loan Approval from the SBA Of the total $525,620 loan amount, the SBA guaranteed $394,215. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 in Lafayette, Indiana Browse All Business Loan Sources for Indiana
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