Fifth Third Bank Provides SBA Loan to Buy Sparkling Image Franchise
Need money to buy a Sparkling Image franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.
Sparkling Image franchise loans are available to Fishers, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fifth Third Bank, based in Indianapolis, Indiana, issued an SBA franchise loan for a Sparkling Image franchise in 2005. We've got all the details on this Indiana small business loan.
SBA Loan Borrower
SPARKLING IMAGE OF INDIANA
FISHERS, IN 46038
SBA Loan Lender
FIFTH THIRD BANK
251 N ILLINOIS ST
INDIANAPOLIS, IN 46204
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561720 - Janitorial Services
Loan Approval Date
9/29/2005
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Sparkling Image franchise. At the time of the loan, the company
had 3 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Fifth Third Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Sparkling Image
Startup Funding Tip
Who Lends Money to Small Businesses in Indianapolis, Indiana
SBA Indiana Lenders