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May 2, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Cincinnati, Business Loans > General Electric Evendale Empl Cincinnati Business Loans > Personal Services Loan | ||||
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Raising Money in Landen, Ohio With SBA Loans
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Loans for Personal Care ServicesLooking for loans for personal care services? The SBA may be the answer. This $65,600 personal care services loan was issued by an Ohio bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with General Electric Evendale Empl, out of Cincinnati, Ohio. The loan was granted and they received $65,600 to help grow their Landen, Ohio business. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender GENERAL ELECTRIC EVENDALE EMPL SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7299 - Personal Services NAICS Code 812199 - Personal Care Services Loan Approval Date 3/31/2005 Loan Approval Gross Amount $65,600 Loan Approval from the SBA Of the total $65,600 loan amount, the SBA guaranteed $55,760. 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 5 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your 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. 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: Best Banks in Cincinnati, Ohio
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