Loan Census Banking News and Information
May 14, 2024  
 
 
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Ohio SBA 7A Lenders

 

 
Loan Census SBA Loan Info

Dover, Ohio Lender Lends Money to Converted Paper And Paperboard Products, N.E.C Company

Get small business loans from a Dover, Ohio bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

First Federal Community Bank is a Dover, Ohio small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Ohio company.

SBA Loan Borrower

COMPANY TYPE: CONVERTED PAPER AND PAPERBOARD PRODUCTS, N.E.C
PIEDMONT, OH 43983

SBA Loan Lender

FIRST FEDERAL COMMUNITY BANK
321 N WOOSTER AVE
DOVER, OH 44622

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

2679 - Converted Paper and Paperboard Products, N.E.C

NAICS Code

322222 - Coated and Laminated Paper Manufacturing

Loan Approval Date

4/3/2001

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Piedmont OH, you ought to talk with a local Piedmont SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Piedmont businesses.

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 $45,000 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:

Obtaining Funding - How to Decide How Much to Raise

SBA Banks in Dover, Ohio

Getting an SBA Loan in Ohio