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November 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Friendship, Business Loans > The Friendship State Bank Friendship Business Loans > Golf, Etc Loan | ||||
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The Friendship State Bank Franchise Loans
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Indiana Entrepreneur Secures Financing to Buy Golf Etc. FranchiseNeed money to invest in a Golf Etc. franchise? The Friendship State Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Lawrenceburg, Indiana needed money to invest in a Golf Etc. franchise back in 2002. The Friendship State Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan. SBA Loan Borrower GOLF, ETC SBA Loan Lender THE FRIENDSHIP STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5941 - Sporting Goods Stores and Bicycle Shops NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 3/18/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Golf Etc. franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Friendship State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Accountant's Role in Securing Financing Good Banks for Small Business in Friendship, Indiana
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