Borrow Money to Buy a Rhino Linings Franchise

Need money to purchase a Rhino Linings franchise? Old National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Rhino Linings franchise? If so, here's a 2005 SBA franchise loan that you should know about. Old National Bank was the lender and the entrepreneur was based in South Bend, Indiana.

SBA Loan Borrower

RHINO LININGS
SOUTH BEND, IN 46628

SBA Loan Lender

OLD NATIONAL BANK
3820 EDISON LAKES PKWY
MISHAWAKA, IN 46545

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

1/7/2005

Loan Approval Gross Amount

$222,300

Loan Approval from the SBA

Of the total $222,300 loan amount, the SBA guaranteed $166,725.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Rhino Linings franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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SBA Participating Banks in Mishawaka, Indiana

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