Indiana Entrepreneur Secures Financing to Buy Frontier Adjusters Of America Franchise

Need a loan to invest in a Frontier Adjusters Of America franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Indianapolis, Indiana needed money to invest in a Frontier Adjusters Of America franchise back in 2003. National City Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan.

SBA Loan Borrower

FRONTIER ADJUSTERS
INDIANAPOLIS, IN 46220

SBA Loan Lender

NATIONAL CITY BANK
101 S 5TH ST
LOUISVILLE, KY 40202

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

524291 - Claims Adjusting

Loan Approval Date

4/25/2003

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Frontier Adjusters Of America franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Frontier Adjusters Of America

SBIR Funding

SBA 7A Banks for Louisville, Kentucky Loans

SBA Participating Banks in Kentucky