Fort Wayne, IN Entrepreneur Gets SBA Loan to Buy Extra Innings Training Centers Franchise

Need a loan to buy an Extra Innings Training Centers franchise? 1st Source Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Fort Wayne, Indiana needed money to invest in an Extra Innings Training Centers franchise back in 2006. 1st Source Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan.

SBA Loan Borrower

EXTRA INNING FORT WAYNE
FORT WAYNE, IN 46814

SBA Loan Lender

1ST SOURCE BANK
100 N MICHIGAN ST
SOUTH BEND, IN 46601

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

10/31/2006

Loan Approval Gross Amount

$209,900

Loan Approval from the SBA

Of the total $209,900 loan amount, the SBA guaranteed $104,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Extra Innings Training Centers franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Extra Innings

Business Credit Evaluation

Best South Bend, Indiana Banks for Small Business

Getting an SBA Loan in Indiana