Indiana Entrepreneur Secures Financing to Buy Woodhouse Day Spa-Parkland the Franchise

Need a loan to buy a Woodhouse Day Spa-Parkland the franchise? Ossian State Bank has a history of making these loans and they are guaranteed by the SBA.

Woodhouse Day Spa-Parkland the franchise loans are available to Carmel, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ossian State Bank, based in Ossian, Indiana, issued an SBA franchise loan for a Woodhouse Day Spa-Parkland the franchise in 2006. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

WOODHOUSE DAY SPA (THE)
CARMEL, IN 46032

SBA Loan Lender

OSSIAN STATE BANK
102 N JEFFERSON ST
OSSIAN, IN 46777

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

3/9/2006

Loan Approval Gross Amount

$477,250

Loan Approval from the SBA

Of the total $477,250 loan amount, the SBA guaranteed $357,937.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Woodhouse Day Spa-Parkland the franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

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

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ossian State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ossian State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 Banks in Ossian, Indiana

SBA Indiana Lenders