Loan Census Banking News and Information
April 27, 2024  
 
 
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Columbus, Ohio Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Key Community Bank Gives Small Business Loan to Offices And Clinics Of Dentists Company

OhioSBA loans are available to Ohio entrepreneurs through the SBA. In this case, a Minnesota bank provides the loan.

Getting a small business loan in Columbus, Ohio was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Key Community Bank. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
COLUMBUS, OH 43209

SBA Loan Lender

KEY COMMUNITY BANK
5684 BISHOP AVE
INVER GROVE HEIGHTS, MN 55076

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8021 - Offices and Clinics of Dentists

NAICS Code

621210 - Dentists

Loan Approval Date

7/31/2000

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

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 3 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Key Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Understanding Dilution

SBA Participating Banks in Inver Grove Heights, Minnesota

SBA Minnesota Banks