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May 3, 2024  
 
 
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Loan Census SBA Loan Info

Gahanna, Ohio Bank Gives SBA Loan to Canned Specialties Company

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

Applying for an SBA loan with Heartland Bank worked out well for our friends at one local business in Columbus, Ohio. The business was able to get an SBA loan for $240,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: CANNED SPECIALTIES
COLUMBUS, OH 43213

SBA Loan Lender

HEARTLAND BANK
850 N HAMILTON RD
GAHANNA, OH 43230

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2032 - Canned Specialties

NAICS Code

311999 - Food Manufacturing

Loan Approval Date

12/14/2004

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

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 16 employees. The SBA loan documents did not indicate that the SBA funding recipient 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 loans provide money to small business owners for working capital for other expenses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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