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May 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Fairfield, Business Loans > Oak Hill Banks Fairfield Business Loans > Motor Vehicle Towing Loan | ||||
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Who Can Get a Business Loan in Middletown, Ohio?
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Borrowing Money for Motor Vehicle TowingLooking for loans for motor vehicle towing? Try the SBA. This $121,000 motor vehicle towing loan was issued by an Ohio bank. This small firm knew how to go about getting a business bank loan. Based in Middletown, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Oak Hill Banks, based in Fairfield, Ohio. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE TOWING SBA Loan Lender OAK HILL BANKS This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488410 - Motor Vehicle Towing Loan Approval Date 12/15/2004 Loan Approval Gross Amount $121,000 Loan Approval from the SBA Of the total $121,000 loan amount, the SBA guaranteed $102,850. 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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $121,000 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: Family and Friend Investors - Your First Financiers Best Fairfield, Ohio Banks for Small Business
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