Signs of Progress, LLC
Signs of Progress, LLC is a sign manufacturing business located in Indianapolis, Indiana, and operates as a FASTSIGNS franchise. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2.42 million, approved on July 21, 2026 by Happen Bank.
SBA 7(a) loan, change of ownership, approved Jul 21, 2026
$2,420,000 approvedLender: Happen Bank102 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,420,000
- SBA-guaranteed amount
- $1,815,000 (75% of the approval)
- Lender
- Happen Bank, Lehi, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.44%, variable
- Term
- 8 years, 6 months (102 months)
- Estimated maturity
- January 21, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $32,084 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 10, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 339950, Sign Manufacturing
- Franchise
- FASTSIGNS
- Project location
- Hamilton County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 82% of acquisition loans in Sign Manufacturing on this site.
- Average acquisition loan in Sign Manufacturing: $1,489,948.
- Average acquisition loan in Indiana: $1,995,900.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
Is this your company? Claim or correct this listing. See Corrections.