Farmers Bank Frankfort Indian SBA Loan to Electrical Contractors And Wiring Installation Contractors Company

An SBA loan from Farmers Bank Frankfort Indian typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sheridan, Indiana business owner got a $133,300 loan.

Getting a small business loan in Sheridan, Indiana was an essential business goal for this firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Farmers Bank Frankfort Indian, operating out of Frankfort, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS
SHERIDAN, IN 46069

SBA Loan Lender

FARMERS BANK FRANKFORT INDIAN
9 E CLINTON
FRANKFORT, IN 46041

This SBA bank 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.

NAICS Code

238210 - Electrical Contractors and Wiring Installation Contractors

Loan Approval Date

9/25/2007

Loan Approval Gross Amount

$133,300

Loan Approval from the SBA

Of the total $133,300 loan amount, the SBA guaranteed $113,305.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source

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 $133,300 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:

The Friends and Family Network

Small Business Banks in Frankfort, Indiana

Getting an SBA Loan in Indiana