Mishawaka, IN Entrepreneur Gets SBA Loan to Buy Premier Rental Purchase Franchise

Borrowing money to buy a Premier Rental Purchase franchise? 1st Source Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Mishawaka, Indiana needed money to invest in a Premier Rental Purchase franchise back in 2005. 1st Source Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan.

SBA Loan Borrower

PREMIER RENTAL PURCHASE
MISHAWAKA, IN 46645

SBA Loan Lender

1ST SOURCE BANK
100 N MICHIGAN ST
SOUTH BEND, IN 46601

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532310 - General Rental Centers

Loan Approval Date

10/11/2005

Loan Approval Gross Amount

$460,100

Loan Approval from the SBA

Of the total $460,100 loan amount, the SBA guaranteed $345,075.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Premier Rental Purchase franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $460,100. How would you spend $460,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Premier Rental Purchase

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