Court Reporting and Stenotype Services Loans

Looking for loans for court reporting and stenotype services? Try the SBA. This $81,000 court reporting and stenotype services loan was issued by an Indiana bank.

Getting a small business loan in Hebron, Indiana was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Centier Bank, operating out of Crown Point, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: COURT REPORTING AND STENOTYPE SERVICES
HEBRON, IN 46341

SBA Loan Lender

CENTIER BANK
117 E JOLIET
CROWN POINT, IN 46307

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561492 - Court Reporting and Stenotype Services

Loan Approval Date

1/4/2005

Loan Approval Gross Amount

$81,000

Loan Approval from the SBA

Of the total $81,000 loan amount, the SBA guaranteed $68,850.

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 6 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Family and Friend Investors - Your First Financiers

SBA Approved Banks in Crown Point, Indiana

Where to Get an SBA Loan Indiana