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May 4, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Lancaster, Business Loans > The Citizens Savings Bank Lancaster Business Loans > Action International Loan | ||||
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Pickerington, Ohio Bank Loan
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Loan to Buy Action International Franchise Issued By The Citizens Savings BankNeed money to invest in an Action International franchise? The Citizens Savings Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Pickerington, Ohio needed money to invest in an Action International franchise back in 2006. The Citizens Savings Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower ACTION INTERNATIONAL SBA Loan Lender THE CITIZENS SAVINGS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 541611 - Administrative Management and General Management Consulting Services Loan Approval Date 5/25/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Action International franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Realistic Debt Financing Options Small Bank Loans in Lancaster, Ohio
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