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May 11, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Defiance, Business Loans > St. Bank & Trust Defiance Business Loans > Management Services Loan | ||||
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Raising Money in Bryan, Ohio With SBA Loans
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Power and Communication Transmission Line Construction SBA LoansLooking for SBA loans for power and communication transmission line construction? An SBA loan may be just what you've been looking for. This $143,500 power and communication transmission line construction loan was issued by an Ohio bank. Getting a small business loan in Bryan, Ohio was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from St. Bank & Trust, operating out of Defiance, Ohio. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: MANAGEMENT SERVICES SBA Loan Lender ST. BANK & TRUST 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 8741 - Management Services NAICS Code 234920 - Power and Communication Transmission Line Construction Loan Approval Date 1/17/2002 Loan Approval Gross Amount $143,500 Loan Approval from the SBA Of the total $143,500 loan amount, the SBA guaranteed $121,975. 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 6 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into St. Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Raising VC Money for Social Networking Companies
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