Horizon Bank SBA Loan to Offices And Clinics Of Doctors Of Medicine Company
Horizon Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Indiana entrepreneur was able to get a loan to take a small business to the next level.
Getting a small business loan in Portage, Indiana was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Horizon Bank, operating out of Valparaiso, Indiana. Here are the details on this Indiana small business loan.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE
PORTAGE, IN 46383
SBA Loan Lender
HORIZON BANK
4208 CALUMET AVE
VALPARAISO, IN 46383
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8011 - Offices and Clinics of Doctors of Medicine
NAICS Code
621112 - Physicians, Mental Health Specialists
Loan Approval Date
9/1/2004
Loan Approval Gross Amount
$184,500
Loan Approval from the SBA
Of the total $184,500 loan amount, the SBA guaranteed $138,375.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 19 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $184,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Role of Business Plan When Raising Money
SBA 7A Lenders in Valparaiso, Indiana
Getting an SBA Loan in Indiana