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May 13, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Vending Machine Operators Loan | ||||
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Elizabethtown, Indiana Bank Loan
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Capital One Gives Bank Loan to Vending Machine Operators CompanyIndianaBusiness loans are available to Indiana business owners through the SBA. In this case, a Virginia bank provides the loan. This small business, based in Elizabethtown, Indiana, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Capital One. We've got the inside scoop on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: VENDING MACHINE OPERATORS SBA Loan Lender CAPITAL ONE This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 454210 - Vending Machine Operators Loan Approval Date 9/24/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help retain 9 existing jobs. Start the Process for Getting an SBA Loan Today! If you need money to start business in Elizabethtown IN, you ought to talk with a local Elizabethtown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elizabethtown businesses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Advice on Getting a Small Business Loan SBA 7A Banks for Mclean, Virginia Loans
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