SBA lending record

MCEL Enterprises LLC

127 South Pearl, Thorntown, IN 46071 · All Other Miscellaneous Fabricated Metal Product Manufacturi. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$294K

Total SBA financing

Loans on record

FY2020–22

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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All 3 loans

$139,300 — FY2022

Loan 1 of 3

Gross approval: $139,300
SBA guaranteed: $69,650 (50%)
Status: Paid in full
Rate at approval: 5.75% v
Term: 60 mo (5 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/7/2022
First disbursement: 3/16/2022
Days to fund: 9 days
Paid in full: 3/31/2023
Collateral: Required
Jobs supported: 2
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Industrial Truck, Tractor, Trailer, and Stacker Machinery Ma
NAICS code: 333924
Lender: The Huntington National Bank
Address: 127 S Pearl St
City: Thorntonwn, 46071
County: Boone
SBA district office: INDIANA DISTRICT OFFICE
Congressional district: 4

$105,000 — FY2020

Loan 2 of 3

Gross approval: $105,000
SBA guaranteed: $52,500 (50%)
Status: Paid in full
Rate at approval: 5.75% f
Term: 96 mo (8 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/30/2020
First disbursement: 8/31/2020
Days to fund: 32 days
Paid in full: 3/31/2023
Collateral: Required
Business type: Corporation
Business age: New Business or 2 years or less
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturi
NAICS code: 332999
Lender: First Financial Bank
Address: 127 South Pearl
City: Thorntown, 46071
County: Boone
SBA district office: INDIANA DISTRICT OFFICE
Congressional district: 4

$50,000 — FY2020

Loan 3 of 3

Gross approval: $50,000
SBA guaranteed: $25,000 (50%)
Status: Paid in full
Rate at approval: 5.5% v
Term: 48 mo (4 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/31/2020
First disbursement: 8/4/2020
Days to fund: 4 days
Paid in full: 1/31/2024
Collateral: Required
Business type: Corporation
Business age: New Business or 2 years or less
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturi
NAICS code: 332999
Lender: First Financial Bank
Address: 127 South Pearl
City: Thorntown, 46071
County: Boone
SBA district office: INDIANA DISTRICT OFFICE
Congressional district: 4

The lenders

First Financial Bank

2 loans to this businessFull SBA lending record + branches on the lender page →

The Huntington National Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

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