Financing for Support Activities for Transportation

With these loans for support activities for transportation, the SBA guarantees the lender that the loan will be repaid. This support activities for transportation loan for $100,000 was given to an Indiana entrepreneur in 2003.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Old National Bank, out of Marion, Indiana. The loan was granted and they received $100,000 to help grow their Van Buren, Indiana business.

SBA Loan Borrower

COMPANY TYPE: ARRANGEMENT OF PASSENGER TRANSPORTATION
VAN BUREN, IN 46991

SBA Loan Lender

OLD NATIONAL BANK
100 S WASHINGTON
MARION, IN 46952

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4729 - Arrangement of Passenger Transportation

NAICS Code

488999 - Support Activities for Transportation

Loan Approval Date

1/30/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Old National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Equity Financing

SBA 7A Banks for Marion, Indiana Loans

SBA Participating Banks in Indiana