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April 29, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Indianapolis, Business Loans > Salin Bank & Trust Company Indianapolis Business Loans > Full-Service Restaurants Loan | ||||
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Small Business Banks for Kokomo Small Businesses
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Indiana Bank Loan Issued to Full-Service Restaurants CompanyBank loans in Indiana are are few and far betweeen these days. We take a look at one Indiana bank loan, provided by an Indiana bank, that was approved by the SBA. Getting a small business loan in Kokomo, Indiana was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Salin Bank & Trust Company. Here are the details on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender SALIN BANK & TRUST COMPANY SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/3/2007 Loan Approval Gross Amount $415,000 Loan Approval from the SBA Of the total $415,000 loan amount, the SBA guaranteed $311,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours 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: Obtaining Funding - Getting Venture Capital Find an SBA Lender in Indianapolis, Indiana Browse All Business Loan Sources for Indiana
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