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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 > Specialty Food Stores Loan | ||||
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SBA 7A Banks for Rushville Businesses
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Specialty Food Stores Small Business LoansLooking for small business loans for specialty food stores? Talk to a banker who works with the SBA. This $50,200 specialty food stores loan was issued by an Ohio bank. This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with The Citizens Savings Bank, out of Lancaster, Ohio. The loan was granted and they received $50,200 to help grow their Rushville, Ohio business. SBA Loan Borrower COMPANY TYPE: SPECIALTY FOOD STORES SBA Loan Lender THE CITIZENS SAVINGS BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 4/12/2006 Loan Approval Gross Amount $50,200 Loan Approval from the SBA Of the total $50,200 loan amount, the SBA guaranteed $42,670. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Citizens Savings Bank and they will explain how you can get an SBA loan for your company. 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:
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