Loan Census Banking News and Information
March 29, 2024  
 
 
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Fishers, Indiana Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Fifth Third Bank Provides SBA Loan to Buy Sparkling Image Franchise

Need money to buy a Sparkling Image franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.

Sparkling Image franchise loans are available to Fishers, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fifth Third Bank, based in Indianapolis, Indiana, issued an SBA franchise loan for a Sparkling Image franchise in 2005. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

SPARKLING IMAGE OF INDIANA
FISHERS, IN 46038

SBA Loan Lender

FIFTH THIRD BANK
251 N ILLINOIS ST
INDIANAPOLIS, IN 46204

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

9/29/2005

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sparkling Image franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Fifth Third Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Sparkling Image

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Who Lends Money to Small Businesses in Indianapolis, Indiana

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