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May 6, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Harrison, Business Loans > The Merchants Bank & Trust Co. Harrison Business Loans > Furniture Loan | ||||
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Cincinnati, Ohio Bank for SBA Loans
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The Merchants Bank & Trust Co. Gives Small Business Loan to Furniture CompanyLooking to get an Ohio business loan? This Ohio entrepreneur got a business loan, provided by an Ohio bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Cincinnati, Ohio by studying this loan to a local business, made back in 2006. Banks like The Merchants Bank & Trust Co. may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE SBA Loan Lender THE MERCHANTS BANK & TRUST CO. This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5021 - Furniture NAICS Code 423210 - Furniture Merchant Wholesalers Loan Approval Date 5/10/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 19 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. 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. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from The Merchants Bank & Trust Co. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Good Banks for Small Business in Harrison, Ohio
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