Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

Indiana Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Fastsigns Franchise

Borrowing money to buy a Fastsigns franchise? Star Financial Bank has a history of making these loans and they are guaranteed by the SBA.

Fastsigns franchise loans are available to Indianapolis, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Star Financial Bank, based in Fort Wayne, Indiana, issued an SBA franchise loan for a Fastsigns franchise in 2007. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

FASTSIGNS
INDIANAPOLIS, IN 46250

SBA Loan Lender

STAR FINANCIAL BANK
127 W BERRY ST
FORT WAYNE, IN 46802

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

339950 - Sign Manufacturing

Loan Approval Date

8/9/2007

Loan Approval Gross Amount

$81,000

Loan Approval from the SBA

Of the total $81,000 loan amount, the SBA guaranteed $40,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fastsigns franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours 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:

FASTSIGNS

Obtaining Funding - Friends and Family

SBA Approved Banks in Fort Wayne, Indiana

SBA Lenders in Indiana