Getting an SBA Loan for Porcelain Electrical Supply Manufacturing

Looking for commercial loans for porcelain electrical supply manufacturing? An SBA loan may be just what you've been looking for. This $138,000 porcelain electrical supply manufacturing loan was issued by an Indiana bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Main Source Bank, out of Centerville, Indiana. The loan was granted and they received $138,000 to help grow their Richmond, Indiana business.

SBA Loan Borrower

COMPANY TYPE: PORCELAIN ELECTRICAL SUPPLIES
RICHMOND, IN 47374

SBA Loan Lender

MAIN SOURCE BANK
101 E MAIN ST
CENTERVILLE, IN 47330

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3264 - Porcelain Electrical Supplies

NAICS Code

327113 - Porcelain Electrical Supply Manufacturing

Loan Approval Date

8/23/2001

Loan Approval Gross Amount

$138,000

Loan Approval from the SBA

Of the total $138,000 loan amount, the SBA guaranteed $117,300.

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. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Main Source Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Small Business Loan

Small Business Banks in Centerville, Indiana

Indiana SBA 7A Banks