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May 3, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Urbana, Business Loans > The Citizens Banking Company Urbana Business Loans > Translation And Interpretation Services Loan | ||||
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Getting an SBA Loan from The Citizens Banking Company
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The Citizens Banking Company SBA Loan to Translation And Interpretation Services CompanyAn SBA loan from The Citizens Banking Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Columbus, Ohio business owner got a $67,000 loan. Getting a small business loan in Columbus, Ohio was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from The Citizens Banking Company, operating out of Urbana, Ohio. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: TRANSLATION AND INTERPRETATION SERVICES SBA Loan Lender THE CITIZENS BANKING COMPANY This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541930 - Translation and Interpretation Services Loan Approval Date 10/5/2005 Loan Approval Gross Amount $67,000 Loan Approval from the SBA Of the total $67,000 loan amount, the SBA guaranteed $56,950. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 16 employees. This SBA loan request did not indicate that the small business 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 guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Citizens Banking Company and they will explain how you can get an SBA loan for your company. 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: Best Banks for Small Business in Urbana, Ohio
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