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May 11, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Chesapeake, Business Loans > City National Bank - W. Virginia Chesapeake Business Loans > Nonmetallic Minerals Loan | ||||
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Chesapeake, Ohio Bank for SBA Loans
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Chesapeake, Ohio Bank Gives SBA Loan to Nonmetallic Minerals CompanyA Chesapeake, Ohio SBA loan can be yours. Learn how a business got a $44,112 business loan from this Ohio bank. This loan to an entrepreneur is a good example of an SBA loan. City National Bank - W. Virginia made the loan and the SBA guaranteed a portion of the loan. Many other Ohio entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: NONMETALLIC MINERALS SBA Loan Lender CITY NATIONAL BANK - W. VIRGINIA This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1499 - Nonmetallic Minerals Loan Approval Date 5/4/2000 Loan Approval Gross Amount $44,112 Loan Approval from the SBA Of the total $44,112 loan amount, the SBA guaranteed $35,289. 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 9 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks for Small Business in Chesapeake, Ohio
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