Indiana Entrepreneur Secures Financing to Buy Extra Innings Training Centers Franchise

Need a loan to invest in an Extra Innings Training Centers franchise? Irwin Union Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Indianapolis, Indiana and are interested in buying an Extra Innings Training Centers franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Irwin Union Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BEYOND THE IVY LLC
INDIANAPOLIS, IN 46217

SBA Loan Lender

IRWIN UNION BANK & TRUST
500 WASHINGTON ST
COLUMBUS, IN 47201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611620 - Sports and Recreation Instruction

Loan Approval Date

8/15/2007

Loan Approval Gross Amount

$407,500

Loan Approval from the SBA

Of the total $407,500 loan amount, the SBA guaranteed $305,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Extra Innings Training Centers franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Irwin Union Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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

The Friends and Family Network

SBA Participating Banks in Columbus, Indiana

SBA Lenders in Indiana