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May 3, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Indianapolis, Business Loans > Fifth Third Bank Indianapolis Business Loans > Tax Return Preparation Services Loan | ||||
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Get a Small Business Loan in Cumberland, Indiana
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Cumberland, Indiana Entrepreneur Gets a Bank LoanBusiness loans in Indiana are tough to come by these days. We take a look at one Indiana business loan, provided by an Indiana bank, that was approved by the SBA. This company, based in Cumberland, Indiana, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Fifth Third Bank. We've got the inside scoop on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: TAX RETURN PREPARATION SERVICES SBA Loan Lender FIFTH THIRD BANK This lender issued this particular SBA business 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 7291 - Tax Return Preparation Services NAICS Code 541213 - Tax Preparation Services Loan Approval Date 2/14/2000 Loan Approval Gross Amount $118,750 Loan Approval from the SBA Of the total $118,750 loan amount, the SBA guaranteed $89,062. More Information on This SBA Loan The borrower borrowed this money for an existing 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 7 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Cumberland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Banks in Indianapolis, Indiana Browse All Business Loan Sources for Indiana
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