Fifth Third Bank SBA Loan to Truck Trailers Company

An SBA loan from Fifth Third Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Boonville, Indiana business owner got a $200,000 loan.

Getting a small business loan in Boonville, Indiana was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Fifth Third Bank, operating out of Evansville, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUCK TRAILERS
BOONVILLE, IN 47601

SBA Loan Lender

FIFTH THIRD BANK
20 NW THIRD ST
EVANSVILLE, IN 47708

This SBA bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending track record and a deep knowledge SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3715 - Truck Trailers

NAICS Code

336212 - Truck Trailer Manufacturing

Loan Approval Date

10/31/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Fifth Third Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Accountant's Role in Securing Financing

SBA Approved Banks in Evansville, Indiana

Indiana SBA 7A Banks