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May 10, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Cincinnati, Business Loans > Fifth Third Bank Cincinnati Business Loans > Book Stores Loan | ||||
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Fifth Third Bank Business Loans Jasper
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Fifth Third Bank SBA Loan to Book Stores CompanyAn SBA loan from Fifth Third Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Jasper, Indiana business owner got a $149,600 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jasper, Indiana was able to borrow $149,600 from Fifth Third Bank. The SBA made the loan possible by guaranteeing $112,200 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender FIFTH THIRD BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451211 - Book Stores Loan Approval Date 6/15/2005 Loan Approval Gross Amount $149,600 Loan Approval from the SBA Of the total $149,600 loan amount, the SBA guaranteed $112,200. 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 no employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Banks for Small Business in Cincinnati, Ohio
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