SBA Loan from Fifth Third Bank Helps General Automotive Repair Shops Company

An SBA loan from Fifth Third Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Whiteland, Indiana business owner got a $635,000 loan.

This business knew how to go about getting a business bank loan. Based in Whiteland, Indiana, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Fifth Third Bank, based in Indianapolis, Indiana.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS
WHITELAND, IN 46184

SBA Loan Lender

FIFTH THIRD BANK
251 N ILLINOIS ST
INDIANAPOLIS, IN 46204

This commercial loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA delivers a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

3/11/2005

Loan Approval Gross Amount

$635,000

Loan Approval from the SBA

Of the total $635,000 loan amount, the SBA guaranteed $476,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

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

If you want money for new small business in Whiteland IN, you ought to talk with a local Whiteland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Whiteland businesses.

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.

Related Links:

Determining Proper Capital Structure for a Business

Where to Get an SBA Loan in Indianapolis, Indiana

Find an SBA Lender in Indiana