Indiana Bank And Trust SBA Loan to Carwashes Company

An SBA loan from Indiana Bank And Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Columbus, Indiana business owner got a $393,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Indiana Bank And Trust, out of Columbus, Indiana. The loan was granted and they received $393,000 to help grow their Columbus, Indiana business.

SBA Loan Borrower

COMPANY TYPE: CARWASHES
COLUMBUS, IN 47201

SBA Loan Lender

INDIANA BANK AND TRUST
3801 TUPELO DR
COLUMBUS, IN 47201

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

9/30/2004

Loan Approval Gross Amount

$393,000

Loan Approval from the SBA

Of the total $393,000 loan amount, the SBA guaranteed $294,750.

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 18 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours 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.

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