Columbus, IN Entrepreneur Gets SBA Loan to Buy Color Me Mine Franchising, Inc Franchise

Need money to purchase a Color Me Mine Franchising, Inc franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Columbus, Indiana needed money to invest in a Color Me Mine Franchising, Inc franchise back in 2003. National City Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COLOR ME MINE
COLUMBUS, IN 47201

SBA Loan Lender

NATIONAL CITY BANK
101 W WASHINGTON ST # 100 E
INDIANAPOLIS, IN 46255

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

611610 - Fine Arts Schools

Loan Approval Date

11/14/2003

Loan Approval Gross Amount

$117,500

Loan Approval from the SBA

Of the total $117,500 loan amount, the SBA guaranteed $58,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Color Me Mine Franchising, Inc franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Columbus IN, you ought to talk with a local Columbus SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Columbus businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into National City Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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