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May 18, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Kettering, Business Loans > Day-Air Cu Inc Kettering Business Loans > Eating Places Loan | ||||
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SBA Loan from Day-Air Cu Inc
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West Chester, Ohio Business Gets SBA-Guaranteed Funding from Day-Air Cu IncAn SBA loan from Day-Air Cu Inc typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a West Chester, Ohio business owner got a $150,000 loan. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Day-Air Cu Inc, out of Kettering, Ohio. The loan was granted and they received $150,000 to help grow their West Chester, Ohio business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender DAY-AIR CU INC This debt financing 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. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/3/2006 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 a new business. This loan was not for a franchise. At the time of the loan, the company had 13 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 Day-Air Cu Inc 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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