Indiana Entrepreneur Secures Financing to Buy Ford Motor dealers Franchise

Need money to buy a Ford Motor dealers franchise? First Farmers Bank And Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Converse, Indiana needed money to invest in a Ford Motor dealers franchise back in 2004. First Farmers Bank And Trust issued an SBA franchise loan. Here are the details on this Indiana small business loan.

SBA Loan Borrower

GRAHAM FORD INC
CONVERSE, IN 46919

SBA Loan Lender

FIRST FARMERS BANK AND TRUST
123 N JEFFERSON
CONVERSE, IN 46919

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

441110 - New Car Dealers

Loan Approval Date

11/2/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Ford Motor dealers franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Converse IN, you ought to talk with a local Converse SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Converse businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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