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

Columbia City, Indiana Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Meat and Meat Product Wholesalers

With these small business loans for meat and meat product wholesalers, the SBA guarantees the lender that the loan will be repaid. This meat and meat product wholesalers loan for $127,575 was given to an Indiana entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Columbia City, Indiana was able to borrow $127,575 from Star Financial Bank. The SBA made the loan possible by guaranteeing $108,438 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: MEATS AND MEAT PRODUCTS
COLUMBIA CITY, IN 46725

SBA Loan Lender

STAR FINANCIAL BANK
102 W VAN BUREN ST
COLUMBIA CITY, IN 46725

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5147 - Meats and Meat Products

NAICS Code

422470 - Meat and Meat Product Wholesalers

Loan Approval Date

5/31/2002

Loan Approval Gross Amount

$127,575

Loan Approval from the SBA

Of the total $127,575 loan amount, the SBA guaranteed $108,438.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Small Business Credit Cards

Who Lends Money to Small Businesses in Columbia City, Indiana

SBA Indiana Lenders