Union Mills, Indiana Entrepreneur Gets a Bank Loan
IndianaBusiness loans are available to Indiana business owners through the SBA. In this case, a Texas bank provides the loan.
Getting a small business loan in Union Mills, Indiana was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Jpmorgan Chase Bank. Here are the details on this Indiana small business loan.
SBA Loan Borrower
COMPANY TYPE: FLOWER, NURSERY STOCK, AND FLORISTS' SUPPLIES MERCHANT WHOLESALERS
UNION MILLS, IN 46382
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
424930 - Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers
Loan Approval Date
5/11/2006
Loan Approval Gross Amount
$40,400
Loan Approval from the SBA
Of the total $40,400 loan amount, the SBA guaranteed $20,200.
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 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
We can help you find the best banks for small businesses in Union Mills 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.
Related Links:
Alternative Financing
Good Banks for Small Business in Houston, Texas
Where to Get an SBA Loan Texas