Loan Census Banking News and Information
May 2, 2024  
 
 
  Business Loan Information  
 

Indiana Small Business Funding

 

 
Loan Census SBA Loan Info

Business Loans for Environmental Consulting Services

With these business loans for environmental consulting services, the SBA guarantees the lender that the loan will be repaid. This environmental consulting services loan for $75,000 was given to an Indiana entrepreneur in 2002.

Getting a small business loan in Martinsville, Indiana was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Fifth Third Bank, operating out of Indianapolis, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: SERVICES
MARTINSVILLE, IN 46151

SBA Loan Lender

FIFTH THIRD BANK
251 N ILLINOIS ST
INDIANAPOLIS, IN 46204

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8999 - Services

NAICS Code

541620 - Environmental Consulting Services

Loan Approval Date

7/11/2002

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 a new 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 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Martinsville IN, you ought to talk with a local Martinsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Martinsville businesses.

While you may be able to find business people willing to loan money, 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:

The Art of Bootstrapping

SBA Participating Banks in Indianapolis, Indiana

Browse All Business Loan Sources for Indiana