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May 6, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Maumee, Business Loans > Bank Of Maumee Maumee Business Loans > Employment Placement Agencies Loan | ||||
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Advice for Entrepreneurs On Getting a Loan
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Borrowing Money for Employment Placement AgenciesLooking for loans for employment placement agencies? The SBA may be the answer. This $25,000 employment placement agencies loan was issued by an Ohio bank. Getting a small business loan in Bowling Green, Ohio was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Maumee, operating out of Maumee, Ohio. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: EMPLOYMENT PLACEMENT AGENCIES SBA Loan Lender BANK OF MAUMEE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 561311 - Employment Placement Agencies Loan Approval Date 11/7/2007 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $25,000. How would you spend $25,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA 7A Banks for Maumee, Ohio Loans
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