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May 17, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Centerburg, Business Loans > First-Knox National Bank Centerburg Business Loans > Sporting Goods Stores And Bicycle Shops Loan | ||||
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Ohio SBA 7A Lenders
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Entrepreneur Works With Centerburg, Ohio Bank to Get an SBA LoanFind Centerburg, Ohio banks that specialize in small business loans and know how to work with entrepreneurs. First-Knox National Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Sunbury, Ohio starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from First-Knox National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS SBA Loan Lender FIRST-KNOX NATIONAL BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5941 - Sporting Goods Stores and Bicycle Shops NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 7/2/2002 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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours 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: SBA 7A Banks for Centerburg, Ohio Loans
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