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May 17, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Bluffton, Business Loans > Cit. National Bank - Bluffton Bluffton Business Loans > Child Day Care Services Loan | ||||
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Coldwater, Ohio Bank for SBA Loans
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Child Day Care Services SBA LoansLooking for SBA loans for child day care services? Talk to a banker who works with the SBA. This $150,000 child day care services loan was issued by an Ohio bank. Getting a small business loan in Coldwater, Ohio was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Cit. National Bank - Bluffton, operating out of Bluffton, Ohio. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender CIT. NATIONAL BANK - BLUFFTON This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 4/28/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We can help you find the best banks for small businesses in Coldwater 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:
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