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April 23, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Dayton, Business Loans > Fifth Third Bank Dayton Business Loans > Pump It Up Party Loan | ||||
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Miamisburg, Ohio Bank for SBA Loans
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Miamisburg, OH Entrepreneur Gets SBA Loan to Buy Pump It Up FranchiseNeed a loan to invest in a Pump It Up franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Miamisburg, Ohio needed money to invest in a Pump It Up franchise back in 2004. Fifth Third Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower PUMP IT UP PARTY SBA Loan Lender FIFTH THIRD BANK 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. NAICS Code 713990 - Amusement and Recreation Industries Loan Approval Date 7/1/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pump It Up franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Fifth Third 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: Best Dayton, Ohio Banks for Small Business
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