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May 6, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Lebanon, Business Loans > Lcnb National Bank Lebanon Business Loans > Traveler Accommodation Loan | ||||
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Ohio Small Business SBA Loans
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Cincinnati, Ohio Entrepreneur Gets a Business LoanBusiness loans in Ohio are hard to find these days. We take a look at one Ohio business loan, provided by an Ohio bank, that was approved by the SBA. Getting a small business loan in Cincinnati, Ohio was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Lcnb National Bank. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: TRAVELER ACCOMMODATION SBA Loan Lender LCNB NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721199 - Traveler Accommodation Loan Approval Date 11/7/2007 Loan Approval Gross Amount $1,211,800 Loan Approval from the SBA Of the total $1,211,800 loan amount, the SBA guaranteed $908,850. More Information on This SBA Loan The borrower borrowed this money for a new 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 70 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 65 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Lcnb National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Lenders in Lebanon, Ohio
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