Dayton, OH Entrepreneur Gets SBA Loan to Buy Island Ink-Jet Systems Franchise

Need money to buy an Island Ink-Jet Systems franchise? Heartland Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Island Ink-Jet Systems franchise may simply require a phone call to a local SBA banker. In 2004, Heartland Bank issued an SBA franchise loan to an entrepreneur in Dayton, Ohio. Because Island Ink-Jet Systems was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

ISLAND INK-JET
DAYTON, OH 45402

SBA Loan Lender

HEARTLAND BANK
6500 FRANTZ RD
DUBLIN, OH 43017

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

3/24/2004

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Island Ink-Jet Systems franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Heartland Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Island Ink-Jet (R) Systems

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SBA 7A Banks for Dublin, Ohio Loans

Ohio SBA Banks