Oak Hill Banks SBA Loan to Eating Places Company

Oak Hill Banks and the SBA work together to get business loans for growing small businesses. Here's an example of how an Ohio entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cincinnati, Ohio was able to borrow $340,000 from Oak Hill Banks. The SBA made the loan possible by guaranteeing $255,000 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
CINCINNATI, OH 45242

SBA Loan Lender

OAK HILL BANKS
4811 COOPER RD
CINCINNATI, OH 45242

This SBA business loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/11/2005

Loan Approval Gross Amount

$340,000

Loan Approval from the SBA

Of the total $340,000 loan amount, the SBA guaranteed $255,000.

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 20 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Cincinnati OH, you ought to talk with a local Cincinnati SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cincinnati businesses.

We can help you find the best banks for small businesses in Cincinnati or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Financing Your Business

Small Business Banks in Cincinnati, Ohio

Getting an SBA Loan in Ohio