Business Loan from National City Bank Given to News Dealers And Newsstands Company

An SBA loan from National City Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cambridge, Ohio business owner got a $159,300 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cambridge, Ohio was able to borrow $159,300 from National City Bank. The SBA made the loan possible by guaranteeing $119,475 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: NEWS DEALERS AND NEWSSTANDS
CAMBRIDGE, OH 43725

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451212 - News Dealers and Newsstands

Loan Approval Date

12/4/2000

Loan Approval Gross Amount

$159,300

Loan Approval from the SBA

Of the total $159,300 loan amount, the SBA guaranteed $119,475.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $159,300 loan. Remember, feel the fear, and do it anyway.

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.

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