Indiana Entrepreneur Secures Financing to Buy Relay Express Franchise

Need a loan to invest in a Relay Express franchise? Indiana Bank And Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Relay Express franchise shouldn't be too tough. In 2007, Indiana Bank And Trust issued an SBA franchise loan to an entrepreneur in Rydianapolis, Indiana. Because Relay Express was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis.

SBA Loan Borrower

RELAY EXPRESS OF INDIANAPOLIS
RYDIANAPOLIS, IN 46241

SBA Loan Lender

INDIANA BANK AND TRUST
8740 S EMERSON AVE
INDIANAPOLIS, IN 46237

This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

492110 - Couriers and Express Delivery Services

Loan Approval Date

9/12/2007

Loan Approval Gross Amount

$250,500

Loan Approval from the SBA

Of the total $250,500 loan amount, the SBA guaranteed $187,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Relay Express franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Rydianapolis 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.

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