Evansville, Indiana Business Gets SBA-Guaranteed Funding from The Farmers State Bank

An SBA loan from The Farmers State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Evansville, Indiana business owner got a $250,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Evansville, Indiana, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was The Farmers State Bank, based in Brookston, Indiana.

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS MERCHANT WHOLESALERS
EVANSVILLE, IN 47711

SBA Loan Lender

THE FARMERS STATE BANK
309 S PRAIRIE ST
BROOKSTON, IN 47923

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

424690 - Chemical and Allied Products Merchant Wholesalers

Loan Approval Date

7/19/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 70 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 60 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

This SBA loan was for $250,000. How would you spend $250,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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