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April 25, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Cleveland, Business Loans > Rbs Citizens Cleveland Business Loans > General Long-Distance, Less-Than-One-Truckload Freight Trucking Loan | ||||
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Rbs Citizens Small Business Loan
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General Long-Distance, Less-Than-One-Truckload Freight Trucking LoansLooking for loans for general long-distance, less-than-one-truckload freight trucking? Try the SBA. This $500 general long-distance, less-than-one-truckload freight trucking loan was issued by an Ohio bank. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Rbs Citizens, out of Cleveland, Ohio. The loan was granted and they received $500 to help grow their Indianapolis, Indiana business. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE, LESS-THAN-ONE-TRUCKLOAD FREIGHT TRUCKING SBA Loan Lender RBS CITIZENS This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 484122 - General Long-Distance, Less-Than-One-Truckload Freight Trucking Loan Approval Date 5/30/2007 Loan Approval Gross Amount $500 Loan Approval from the SBA Of the total $500 loan amount, the SBA guaranteed $250. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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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