Financing for Convenience Stores

Looking for commercial loans for convenience stores? Talk to a banker who works with the SBA. This $552,000 convenience stores loan was issued by an Indiana bank.

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

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
NOBLESVILLE, IN 46060

SBA Loan Lender

INDIANA BUSINESS BANK
250 E 96TH ST, STE 100
INDIANAPOLIS, IN 46240

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

11/3/2006

Loan Approval Gross Amount

$552,000

Loan Approval from the SBA

Of the total $552,000 loan amount, the SBA guaranteed $414,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 8 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Noblesville IN, you ought to talk with a local Noblesville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Noblesville businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $552,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Obtaining Funding - Getting Venture Capital

SBA 7A Banks in Indianapolis, Indiana

Getting a Business Loan in Indiana