Fort Wayne, Indiana Lender Lends Money to Special Warehousing And Storage Company

Want to talk with a Fort Wayne, Indiana bank about an SBA loan? Here's one Indiana business loan, issued by a Fort Wayne bank, that was approved by the SBA.

Applying for an SBA loan with Fifth Third Bank worked out well for our friends at one local company in Fort Wayne, Indiana. The business was able to get an SBA loan for $1,270,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: SPECIAL WAREHOUSING AND STORAGE
FORT WAYNE, IN 46845

SBA Loan Lender

FIFTH THIRD BANK
132 E BERRY ST
FORT WAYNE, IN 46802

This lender issued this SBA bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4226 - Special Warehousing and Storage

NAICS Code

493190 - Warehousing and Storage

Loan Approval Date

9/30/2003

Loan Approval Gross Amount

$1,270,000

Loan Approval from the SBA

Of the total $1,270,000 loan amount, the SBA guaranteed $952,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. The loan application 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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $1,270,000. How would you spend $1,270,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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