Indianapolis, Indiana Bank Gives SBA Loan to Video Tape And Disc Rental Company

Want to talk with an Indianapolis, Indiana bank about a business loan? Here's one Indiana business loan, issued by an Indianapolis bank, that was approved by the SBA.

Applying for an SBA loan with National City Bank worked out well for our friends at one local company in North Liberty, Indiana. They received an SBA loan for $21,900. Sweet!

SBA Loan Borrower

COMPANY TYPE: VIDEO TAPE AND DISC RENTAL
NORTH LIBERTY, IN 46554

SBA Loan Lender

NATIONAL CITY BANK
101 W WASHINGTON ST # 100 E
INDIANAPOLIS, IN 46255

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

12/12/2003

Loan Approval Gross Amount

$21,900

Loan Approval from the SBA

Of the total $21,900 loan amount, the SBA guaranteed $10,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like National City 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.

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