Loan Census Banking News and Information
April 29, 2024  
 
 
  Business Loan Information  
 

Examples of Indianapolis SBA Loans

 

 
Loan Census SBA Loan Info

SBA Loans for Services to Buildings and Dwellings

Looking for SBA loans for services to buildings and dwellings? Talk to a banker who works with the SBA. This $294,500 services to buildings and dwellings loan was issued by a Michigan bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Citizens Bank, out of Lansing, Michigan. The loan was granted and they received $294,500 to help grow their Indianapolis, Indiana business.

SBA Loan Borrower

COMPANY TYPE: SERVICES TO BUILDINGS AND DWELLINGS
INDIANAPOLIS, IN 46256

SBA Loan Lender

CITIZENS BANK
2425 E GRAND RIVER AVE
LANSING, MI 48912

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

561790 - Services to Buildings and Dwellings

Loan Approval Date

8/11/2003

Loan Approval Gross Amount

$294,500

Loan Approval from the SBA

Of the total $294,500 loan amount, the SBA guaranteed $220,875.

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 28 employees. The loan application indicated that the loan would help generate 28 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 to Raise Money

Where to Get an SBA Loan in Lansing, Michigan

Michigan SBA Bank Lenders