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May 11, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Full-Service Restaurants Loan | ||||
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Granger, Indiana Bank for SBA Loans
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Business Loan Center, LLC Gives Business Loan to Full-Service Restaurants CompanyBusiness loans in Indiana are are few and far betweeen these days. We take a look at one Indiana business loan, provided by a New York bank, that was approved by the SBA. By giving the right information to Business Loan Center, LLC, this Granger, Indiana business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender BUSINESS LOAN CENTER, LLC Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 9/4/2003 Loan Approval Gross Amount $780,000 Loan Approval from the SBA Of the total $780,000 loan amount, the SBA guaranteed $585,000. 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 11 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs. Start the Process for Getting an SBA Loan Today! If you need business start up money in Granger IN, you ought to talk with a local Granger SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Granger businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: How Much Venture Capital Is There? Good Banks for Small Business in New York, New York
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