Loans for Vending Machine Operators

With these loans for vending machine operators, the SBA guarantees the lender that the loan will be repaid. This vending machine operators loan for $26,300 was given to an Indiana entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Anderson, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Star Financial Bank, based in Fort Wayne, Indiana.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
ANDERSON, IN 46011

SBA Loan Lender

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

The lender provided this SBA 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

454210 - Vending Machine Operators

Loan Approval Date

1/26/2006

Loan Approval Gross Amount

$26,300

Loan Approval from the SBA

Of the total $26,300 loan amount, the SBA guaranteed $13,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the borrowed money would help create 2 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Anderson or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Line of Credit

SBA Banks in Fort Wayne, Indiana

SBA Participating Banks in Indiana