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April 26, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Indianapolis, Business Loans > Fifth Third Bank Indianapolis Business Loans > Overnight Air Express Of Cinci Loan | ||||
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Business Loans for Carmel Small Businesses
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Fifth Third Bank Provides SBA Loan to Buy Worldwide Express FranchiseNeed a loan to purchase a Worldwide Express franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Worldwide Express franchise shouldn't be overly burdensome. In 2004, Fifth Third Bank issued an SBA franchise loan to an entrepreneur in Carmel, Indiana. Because Worldwide Express was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis. SBA Loan Borrower OVERNIGHT AIR EXPRESS OF CINCI SBA Loan Lender FIFTH THIRD BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4513 - Air Courier Services NAICS Code 492110 - Couriers and Express Delivery Services Loan Approval Date 9/27/2004 Loan Approval Gross Amount $575,000 Loan Approval from the SBA Of the total $575,000 loan amount, the SBA guaranteed $431,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Worldwide Express franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA Approved Banks in Indianapolis, Indiana
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