SBA lending record

Midwest ECS LLC

3676 CHALLENGER DR, Westfield, IN 46062 · Industrial Machinery and Equipment Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$998K

Total SBA financing

Loans on record

FY2020–23

On record

—

Jobs supported

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

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All 4 loans

$50,000 — FY2023

Loan 1 of 4

Gross approval: $50,000
SBA guaranteed: $25,000 (50%)
Status: Current
Rate at approval: 9.25% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/22/2023
First disbursement: 7/31/2023
Days to fund: 9 days
Collateral: Required
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Environmental Consulting Services
NAICS code: 541620
Lender: First Merchants Bank
Address: 3676 CHALLENGER DR
City: Westfield, 46062
County: Hamilton
SBA district office: INDIANA DISTRICT OFFICE
Congressional district: 5

$150,000 — FY2023

Loan 2 of 4

Gross approval: $150,000
SBA guaranteed: $124,875 (83%)
Status: Current
Rate at approval: 9.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/22/2023
First disbursement: 7/31/2023
Days to fund: 9 days
Collateral: Required
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Environmental Consulting Services
NAICS code: 541620
Lender: First Merchants Bank
Address: 3676 CHALLENGER DR
City: Westfield, 46062
County: Hamilton
SBA district office: INDIANA DISTRICT OFFICE
Congressional district: 5

$747,900 — FY2020

Loan 3 of 4

Gross approval: $747,900
SBA guaranteed: $560,925 (75%)
Status: Current
Rate at approval: 4.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 6/19/2020
First disbursement: 7/31/2020
Days to fund: 42 days
Collateral: Required
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Industrial Machinery and Equipment Merchant Wholesalers
NAICS code: 423830
Lender: First Merchants Bank
Address: 3676 CHALLENGER DR
City: Westfield, 46062
County: Hamilton
SBA district office: INDIANA DISTRICT OFFICE
Congressional district: 5

$50,000 — FY2020

Loan 4 of 4

Gross approval: $50,000
SBA guaranteed: $25,000 (50%)
Status: Current
Rate at approval: 4.25% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 6/19/2020
First disbursement: 7/31/2020
Days to fund: 42 days
Collateral: Required
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Industrial Machinery and Equipment Merchant Wholesalers
NAICS code: 423830
Lender: First Merchants Bank
Address: 3676 CHALLENGER DR
City: Westfield, 46062
County: Hamilton
SBA district office: INDIANA DISTRICT OFFICE
Congressional district: 5

The lender

First Merchants Bank

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

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