SBA Loans for General Long-Distance Freight Trucking

Looking for SBA loans for general long-distance freight trucking? The SBA may be the answer. This $102,567 general long-distance freight trucking loan was issued by an Indiana bank.

This small business knew how to go about getting a business bank loan. Based in Fishers, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Forum Cu, based in Fishers, Indiana.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
FISHERS, IN 46038

SBA Loan Lender

FORUM CU
11580 USA PKWY
FISHERS, IN 46038

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4213 - Trucking

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

4/11/2003

Loan Approval Gross Amount

$102,567

Loan Approval from the SBA

Of the total $102,567 loan amount, the SBA guaranteed $87,181.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $102,567 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Direct Public Offerings

Best Fishers, Indiana Banks for Small Business

SBA Participating Banks in Indiana