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May 2, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Image Sun Tanning Salon Loan | ||||
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Raising Money in Noblesville, Indiana With SBA Loans
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Noblesville, IN Entrepreneur Gets SBA Loan to Buy Image Sun FranchiseNeed money to purchase an Image Sun franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy an Image Sun franchise? If so, here's a 2005 SBA franchise loan that you should know about. Regions Bank was the lender and the entrepreneur was based in Noblesville, Indiana. SBA Loan Borrower IMAGE SUN TANNING SALON SBA Loan Lender REGIONS BANK The lender provided this small business 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 812990 - Personal Services Loan Approval Date 5/18/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Image Sun franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Regions 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: Where to Get an SBA Loan in Memphis, Tennessee
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