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May 12, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Buffalo Grove, Business Loans > American Enterprise Bank Buffalo Grove Business Loans > Public Golf Courses Loan | ||||
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American Enterprise Bank
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New Palestine, Indiana Business Gets SBA-Guaranteed Funding from American Enterprise BankAmerican Enterprise Bank has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with American Enterprise Bank, out of Buffalo Grove, Illinois. The loan was granted and they received $1,288,000 to help grow their New Palestine, Indiana business. SBA Loan Borrower COMPANY TYPE: PUBLIC GOLF COURSES SBA Loan Lender AMERICAN ENTERPRISE BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7992 - Public Golf Courses NAICS Code 713910 - Golf Courses and Country Clubs Loan Approval Date 10/23/2003 Loan Approval Gross Amount $1,288,000 Loan Approval from the SBA Of the total $1,288,000 loan amount, the SBA guaranteed $966,000. 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 35 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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 - How to Borrow Money SBA Approved Banks in Buffalo Grove, Illinois
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