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May 1, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > San Diego, Business Loans > U.S. Bank National Association San Diego Business Loans > Millwork Loan | ||||
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Best Banks for Cincinnati, Ohio Businesses
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Cincinnati, Ohio Entrepreneur Gets a Bank LoanBusiness loans in Ohio are are few and far betweeen these days. We take a look at one Ohio business loan, provided by a California bank, that was approved by the SBA. By giving the right information to U.S. Bank National Association, this Cincinnati, Ohio business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: MILLWORK SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This SBA loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan 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 2431 - Millwork NAICS Code 321918 - Millwork Loan Approval Date 1/28/2005 Loan Approval Gross Amount $720,000 Loan Approval from the SBA Of the total $720,000 loan amount, the SBA guaranteed $540,000. 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 16 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Raising VC Money for Social Networking Companies Small Bank Loans in San Diego, California
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