Entrepreneur Works With Cincinnati, Ohio Bank to Get an SBA Loan

Thinking about meeting with a Cincinnati, Ohio bank about a small business loan? Here's one Ohio business loan, issued by a Cincinnati bank, that was approved by the SBA.

Applying for an SBA loan with Oak Hill Banks worked out well for our friends at one local company in West Chester, Ohio. The business was able to get an SBA loan for $753,300. Awesome!

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
WEST CHESTER, OH 45069

SBA Loan Lender

OAK HILL BANKS
4811 COOPER RD
CINCINNATI, OH 45242

This business loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8021 - Offices and Clinics of Dentists

NAICS Code

621210 - Dentists

Loan Approval Date

9/15/2004

Loan Approval Gross Amount

$753,300

Loan Approval from the SBA

Of the total $753,300 loan amount, the SBA guaranteed $564,975.

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 12 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Oak Hill Banks had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Oak Hill Banks made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - How to Borrow Money

SBA Approved Banks in Cincinnati, Ohio

Getting an SBA Loan in Ohio