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May 19, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Defiance, Business Loans > St. Bank & Trust Defiance Business Loans > Drinking Places Loan | ||||
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How to Get a Commercial Loan from St. Bank & Trust
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St. Bank & Trust SBA Loan to Drinking Places CompanyAn SBA loan from St. Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Defiance, Ohio business owner got a $104,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Defiance, Ohio was able to borrow $104,000 from St. Bank & Trust. The SBA made the loan possible by guaranteeing $88,400 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender ST. BANK & TRUST The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank 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 722410 - Drinking Places Loan Approval Date 1/5/2007 Loan Approval Gross Amount $104,000 Loan Approval from the SBA Of the total $104,000 loan amount, the SBA guaranteed $88,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient promised 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? Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $104,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Obtaining Funding From a Venture Capitalist Find an SBA Lender in Defiance, Ohio
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