Raising Money for Vending Machine Operators

Looking for business loans for vending machine operators? Try the SBA. This $36,900 vending machine operators loan was issued by an Indiana bank.

This small business knew how to go about getting a business bank loan. Based in La Porte, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was La Porte Savings Bank, based in La Porte, Indiana.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
LA PORTE, IN 46350

SBA Loan Lender

LA PORTE SAVINGS BANK
710 INDIANA AVE
LA PORTE, IN 46350

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

454210 - Vending Machine Operators

Loan Approval Date

10/17/2006

Loan Approval Gross Amount

$36,900

Loan Approval from the SBA

Of the total $36,900 loan amount, the SBA guaranteed $18,450.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the borrowed money would help create 3 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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