Lafayette, IN Entrepreneur Gets SBA Loan to Buy Dr. Vinyl vinyl Uphol., Etc. Franchise

Need money to buy a Dr. Vinyl vinyl Uphol., Etc. franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Dr. Vinyl vinyl Uphol., Etc. franchise? If so, here's a 2003 SBA franchise loan that you should know about. The Huntington National Bank was the lender and the entrepreneur was based in Lafayette, Indiana.

SBA Loan Borrower

DR VINYL OF LAFAYETTE INC
LAFAYETTE, IN 47909

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

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

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

3/3/2003

Loan Approval Gross Amount

$57,200

Loan Approval from the SBA

Of the total $57,200 loan amount, the SBA guaranteed $28,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dr. Vinyl vinyl Uphol., Etc. franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? 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:

Dr. Vinyl and Associates, Ltd.

Bank Credit Lines

SBA Banks in Columbus, Ohio

Getting an SBA Loan in Ohio