Newton Oil Company Inc

3150 460 E, Lafayette, IN 47905 · Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta (NAICS 424720)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

12

Total Amount

$8.3M

Jobs Supported

149

Years Active

1994–2017

Loan History (12)

Source: SBA FOIA
7(a)$150,000
Cancelled
Approved
Jan 24, 2017 (FY2017)
SBA Guaranteed
$75,000 (50%)
Term
72 months (6.0 yrs)
Interest Rate
4.75%
Revolver
0
Business Type
Corporation
Industry
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta (NAICS 424720)

Lender

First Merchants Bank

8711 River Crossing Blvd., Indianapolis, IN 46240

Project Location

Tippecanoe County, IN

7(a)$2,000,000
Paid in Full
Approved
Jan 23, 2017 (FY2017)
SBA Guaranteed
$1,200,000 (60%)
Term
36 months (3.0 yrs)
Interest Rate
4.75%
Revolver
1
Business Type
Corporation
Industry
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta (NAICS 424720)
Paid in Full
Dec 31, 2022

Lender

First Merchants Bank

8711 River Crossing Blvd., Indianapolis, IN 46240

Project Location

Tippecanoe County, IN

7(a)$545,000
Paid in Full
Approved
Dec 5, 2013 (FY2014)
SBA Guaranteed
$490,500 (90%)
Term
168 months (14.0 yrs)
Interest Rate
6.00%
Revolver
0
Jobs Supported
29
Business Type
Corporation
Industry
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta (NAICS 424720)
Paid in Full
Dec 31, 2017

Lender

Byline Bank

180 N Lasalle St, Ste 300, Chicago, IL 60601

Project Location

Tippecanoe County, IN

7(a)$2,132,000
Paid in Full
Approved
Nov 27, 2013 (FY2014)
SBA Guaranteed
$1,918,800 (90%)
Term
300 months (25.0 yrs)
Interest Rate
6.00%
Revolver
0
Jobs Supported
29
Business Type
Corporation
Industry
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta (NAICS 424720)
Paid in Full
Dec 31, 2017

Lender

Byline Bank

180 N Lasalle St, Ste 300, Chicago, IL 60601

Project Location

Tippecanoe County, IN

504$523,000
Cancelled
Approved
Nov 22, 2011 (FY2012)
Term
240 months (20.0 yrs)
Jobs Supported
12
Business Type
Corporation
Industry
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta (NAICS 424720)

Lender

Fifth Third Bank

Certified Development Company (CDC)

Premier Capital Corporation

300 N. Meridian Street, Indianapolis, IN 46204

Third-Party Lender

Fifth Third Bank · Cincinnati, OH

Project Location

Tippecanoe County, IN

7(a)$400,000
Cancelled
Approved
Dec 29, 2010 (FY2011)
SBA Guaranteed
$360,000 (90%)
Term
120 months (10.0 yrs)
Interest Rate
6.00%
Revolver
0
Jobs Supported
20
Business Type
Corporation
Industry
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta (NAICS 424720)

Lender

State Bank

900 E 56th St, Brownsburg, IN 46112

Project Location

Tippecanoe County, IN

7(a)$600,000
Paid in Full
Approved
Apr 13, 2011 (FY2011)
SBA Guaranteed
$450,000 (75%)
Term
11 months
Interest Rate
5.50%
Revolver
0
Jobs Supported
20
Business Type
Corporation
Industry
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta (NAICS 424720)
Paid in Full
Jul 31, 2011

Lender

State Bank

900 E 56th St, Brownsburg, IN 46112

Project Location

Tippecanoe County, IN

7(a)$209,000
Paid in Full
Approved
Dec 28, 2010 (FY2011)
SBA Guaranteed
$188,100 (90%)
Term
84 months (7.0 yrs)
Interest Rate
6.00%
Revolver
0
Jobs Supported
20
Business Type
Corporation
Industry
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta (NAICS 424720)
Paid in Full
Jul 31, 2011

Lender

State Bank

900 E 56th St, Brownsburg, IN 46112

Project Location

Tippecanoe County, IN

7(a)$460,000
Paid in Full
Approved
Oct 2, 2009 (FY2010)
SBA Guaranteed
$414,000 (90%)
Term
120 months (10.0 yrs)
Interest Rate
6.00%
Revolver
0
Jobs Supported
2
Business Type
Corporation
Industry
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta (NAICS 424720)
Paid in Full
Jul 31, 2011

Lender

State Bank

900 E 56th St, Brownsburg, IN 46112

Project Location

Tippecanoe County, IN

7(a)$600,000
Paid in Full
Approved
Sep 9, 2005 (FY2005)
SBA Guaranteed
$450,000 (75%)
Term
84 months (7.0 yrs)
Revolver
0
Business Type
Corporation
Industry
Petroleum Bulk Stations and Terminals (NAICS 424710)
Paid in Full
Jul 31, 2011

Lender

State Bank

900 E 56th St, Brownsburg, IN 46112

Project Location

Tippecanoe County, IN

7(a)$575,000
Paid in Full
Approved
Jun 27, 1996 (FY1996)
SBA Guaranteed
$431,250 (75%)
Term
120 months (10.0 yrs)
Revolver
0
Business Type
Corporation
Paid in Full
Jun 30, 2005

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Tippecanoe County, IN

504$118,000
Paid in Full
Approved
Jun 21, 1994 (FY1994)
Term
120 months (10.0 yrs)
Jobs Supported
17
Business Type
Corporation
Paid in Full
Dec 31, 2017

Certified Development Company (CDC)

Indiana Statewide Certified De

4181 East 96th Street, Indianapolis, IN 46240

Project Location

Tippecanoe County, IN

Business Details

Business Type
Corporation
NAICS Code
424720 — Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta
Address
3150 460 E
Lafayette, IN 47905

Lenders

First Merchants Bank
8711 River Crossing Blvd., Indianapolis, IN 46240
Byline Bank
180 N Lasalle St, Ste 300, Chicago, IL 60601
Fifth Third Bank
State Bank
900 E 56th St, Brownsburg, IN 46112
The Huntington National Bank
17 S High St., Columbus, OH 43215

Other SBA Borrowers in Lafayette

Masspay Inc$5.0M in SBA loansPet Supplies Plus$4.9M in SBA loansMaximus Industries Corporation$4.1M in SBA loansP3 & Associates Llc$3.7M in SBA loansLafayette Hardware Inc.$3.6M in SBA loans
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