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May 17, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Evansville, Business Loans > Fifth Third Bank Evansville Business Loans > Lawyers Loan | ||||
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How to Get SBA Loans in Evensville, Indiana
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Lawyers Commercial LoansLooking for commercial loans for lawyers? Talk to a banker who works with the SBA. This $79,650 lawyers loan was issued by an Indiana bank. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Fifth Third Bank, out of Evansville, Indiana. The loan was granted and they received $79,650 to help grow their Evensville, Indiana business. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender FIFTH THIRD BANK 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. NAICS Code 541110 - Lawyers Loan Approval Date 12/20/2004 Loan Approval Gross Amount $79,650 Loan Approval from the SBA Of the total $79,650 loan amount, the SBA guaranteed $67,702. More Information on This SBA Loan The borrower borrowed this money for a new 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 small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $79,650 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Evansville, Indiana
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