Richmond, Indiana Business Gets SBA-Guaranteed Funding from Wayne Bank And Trust Co.

Wayne Bank And Trust Co. has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them.

Getting a small business loan in Richmond, Indiana was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Wayne Bank And Trust Co., operating out of Richmond, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: PACKING AND CRATING
RICHMOND, IN 47374

SBA Loan Lender

WAYNE BANK AND TRUST CO.
WAYTRU PLZ, 500 S A ST
RICHMOND, IN 47375

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4783 - Packing and Crating

NAICS Code

488991 - Packing and Crating

Loan Approval Date

2/22/2000

Loan Approval Gross Amount

$69,120

Loan Approval from the SBA

Of the total $69,120 loan amount, the SBA guaranteed $55,296.

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 6 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

We can help you find the best banks for small businesses in Richmond or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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