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May 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Hillsboro, Business Loans > Ncb, Fsb Hillsboro Business Loans > Business Services Loan | ||||
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Ohio SBA Banks
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Hillsboro, Ohio Bank Gives SBA Loan to Business Services CompanyFind Hillsboro, Ohio banks that specialize in small business loans and know how to work with entrepreneurs. Ncb, Fsb is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Pataskala, Ohio starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Ncb, Fsb. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender NCB, FSB This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 561499 - Business Support Services Loan Approval Date 7/5/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 only one employee. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Hillsboro, Ohio
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