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May 2, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Brooklyn, Business Loans > Key Direct, A Branch Of Brooklyn Business Loans > Business Services Loan | ||||
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Ohio SBA Lenders
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Brooklyn, Ohio Lender Lends Money to Business Services CompanyThinking about meeting with a Brooklyn, Ohio bank about an SBA loan? Here's one Indiana business loan, issued by a Brooklyn bank, that was approved by the SBA. Applying for an SBA loan with Key Direct, A Branch Of worked out well for our friends at one local company in Shelbyville, Indiana. They received an SBA loan for $62,000. Way to go! SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender KEY DIRECT, A BRANCH OF This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services Loan Approval Date 2/28/2000 Loan Approval Gross Amount $62,000 Loan Approval from the SBA Of the total $62,000 loan amount, the SBA guaranteed $49,600. 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. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Advice on Getting a Small Business Loan Where to Get an SBA Loan in Brooklyn, Ohio
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