Loan Census Banking News and Information
April 28, 2024  
 
 
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Kentucky Small Business Funding

 

 
Loan Census SBA Loan Info

Raising Money for Vocational Rehabilitation Services

Looking for bank loans for vocational rehabilitation services? Talk to a banker who works with the SBA. This $145,000 vocational rehabilitation services loan was issued by an Ohio bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with National City Bank, out of Cincinnati, Ohio. The loan was granted and they received $145,000 to help grow their Lakeside Park, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: JOB TRAINING AND VOCATIONAL REHABILITATION SERVICE
LAKESIDE PARK, KY 41017

SBA Loan Lender

NATIONAL CITY BANK
1 E FOURTH ST
CINCINNATI, OH 45202

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8331 - Job Training and Vocational Rehabilitation Service

NAICS Code

624310 - Vocational Rehabilitation Services

Loan Approval Date

12/11/2003

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

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 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $145,000 loan. Remember, you control your own destiny.

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 - How to Borrow Money

Who Lends Money to Small Businesses in Cincinnati, Ohio

Where to Get an SBA Loan Ohio