How to Get a Loan for Human Resources Consulting Services

With these business loans for human resources consulting services, the SBA guarantees the lender that the loan will be repaid. This human resources consulting services loan for $50,000 was given to an Indiana entrepreneur in 2001.

This small business knew how to go about getting a business bank loan. Based in Zionsville, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was M&i Marshall & Ilsley Bank, based in Indianapolis, Indiana.

SBA Loan Borrower

COMPANY TYPE: MANAGEMENT CONSULTING SERVICES
ZIONSVILLE, IN 46077

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
135 N PENNSYLVANIA ST
INDIANAPOLIS, IN 46204

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8742 - Management Consulting Services

NAICS Code

541612 - Human Resources Consulting Services

Loan Approval Date

7/9/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 3 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like M&i Marshall & Ilsley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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