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May 19, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Munster, Business Loans > Peoples Bank Sb Munster Business Loans > Fabricated Structural Metal Loan | ||||
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IN Small Business Loans from Peoples Bank Sb
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SBA Loan from Peoples Bank Sb Helps Fabricated Structural Metal CompanyPeoples Bank Sb has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gary, Indiana was able to borrow $75,000 from Peoples Bank Sb. The SBA made the loan possible by guaranteeing $63,750 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: FABRICATED STRUCTURAL METAL SBA Loan Lender PEOPLES BANK SB The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3441 - Fabricated Structural Metal NAICS Code 332312 - Fabricated Structural Metal Manufacturing Loan Approval Date 11/29/2001 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 10 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Peoples Bank Sb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Peoples Bank Sb made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Who Lends Money to Small Businesses in Munster, Indiana Where to Get an SBA Loan Indiana
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