 |
 |
May 14, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Indiana Business Loan Sources > Indianapolis, Business Loans > National City Bank Indianapolis Business Loans > Limited-Service Restaurants Loan | ||||
 |
||||
Business Loans for Pendleton Small Businesses
|
||||
 |
Commercial Loans for Limited-Service RestaurantsLooking for commercial loans for limited-service restaurants? Try the SBA. This $75,000 limited-service restaurants loan was issued by an Indiana bank. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with National City Bank, out of Indianapolis, Indiana. The loan was granted and they received $75,000 to help grow their Pendleton, Indiana business. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender NATIONAL CITY BANK This debt financing 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 722211 - Limited-Service Restaurants Loan Approval Date 7/25/2003 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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: Best Indianapolis, Indiana Banks for Small Business
|
|
||
|
||||
|
|
||||