Loan Census Banking News and Information
May 4, 2024  
 
 
  Business Loan Information  
 

Findlay, Ohio Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Findlay, Ohio Bank Gives SBA Loan to Lawn And Garden Services Company

Thinking about meeting with a Findlay, Ohio bank about an SBA loan? Here's one Ohio business loan, issued by a Findlay bank, that was approved by the SBA.

Applying for an SBA loan with First Fed. Bank - Midwest worked out well for our friends at one local company in North Baltimore, Ohio. The business was able to get an SBA loan for $38,500. Sweet!

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
NORTH BALTIMORE, OH 45872

SBA Loan Lender

FIRST FED. BANK - MIDWEST
3900 N MAIN ST
FINDLAY, OH 45840

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

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

3/21/2003

Loan Approval Gross Amount

$38,500

Loan Approval from the SBA

Of the total $38,500 loan amount, the SBA guaranteed $32,725.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First Fed. Bank - Midwest so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Bank Credit Lines

Find an SBA Lender in Findlay, Ohio

Ohio SBA 7A Banks