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December 24, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Santa Claus, Business Loans > Fifth Third Bank Santa Claus Business Loans > Eating Places Loan | ||||
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Small Business Banks in Indiana
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Financing for Full-Service RestaurantsLooking for loans for full-service restaurants? Try the SBA. This $132,000 full-service restaurants loan was issued by an Indiana bank. This small firm knew how to go about getting a business bank loan. Based in Lamar, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Fifth Third Bank, based in Santa Claus, Indiana. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FIFTH THIRD BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/1/2001 Loan Approval Gross Amount $132,000 Loan Approval from the SBA Of the total $132,000 loan amount, the SBA guaranteed $112,200. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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. Related Links: SBA Participating Banks in Indiana
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