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April 28, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Upper Sandusky, Business Loans > 1st Cit. National Bank - Upper Sand Upper Sandusky Business Loans > Bottled And Canned Soft Drinks Loan | ||||
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1st Cit. National Bank - Upper Sand Small Business
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SBA Loan from 1st Cit. National Bank - Upper Sand Helps Bottled And Canned Soft Drinks CompanyAn SBA loan from 1st Cit. National Bank - Upper Sand typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Upper Sandusky, Ohio business owner got a $70,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Upper Sandusky, Ohio was able to borrow $70,000 from 1st Cit. National Bank - Upper Sand. The SBA made the loan possible by guaranteeing $59,500 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: BOTTLED AND CANNED SOFT DRINKS SBA Loan Lender 1ST CIT. NATIONAL BANK - UPPER SAND 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 2086 - Bottled and Canned Soft Drinks NAICS Code 312112 - Bottled Water Manufacturing Loan Approval Date 12/14/2001 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Banks for Small Business in Upper Sandusky, Ohio
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