Noblesville, IN Entrepreneur Gets SBA Loan to Buy Carrosel Systems Franchise

Borrowing money to purchase a Carrosel Systems franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Carrosel Systems franchise requires some effort but others before you have been successful. In 2001, Regions Bank issued an SBA franchise loan to an entrepreneur in Noblesville, Indiana. Because Carrosel Systems was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis.

SBA Loan Borrower

THE GODDARD SCHOOL
NOBLESVILLE, IN 46060

SBA Loan Lender

REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

10/4/2001

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Carrosel Systems franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help create 10 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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