Entrepreneur Works With Cincinnati, Ohio Bank to Get an SBA Loan

Want to talk with a Cincinnati, Ohio bank about a business loan? Here's one Ohio business loan, issued by a Cincinnati bank, that was approved by the SBA.

Applying for an SBA loan with U.S. Bank National Association worked out well for our friends at one local firm in Negley, Ohio. They received an SBA loan for $1,215,000. Nice!

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL MENTAL RETARDATION FACILITIES
NEGLEY, OH 44441

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623210 - Residential Mental Retardation Facilities

Loan Approval Date

7/13/2006

Loan Approval Gross Amount

$1,215,000

Loan Approval from the SBA

Of the total $1,215,000 loan amount, the SBA guaranteed $911,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 27 employees. The loan application indicated that the loan would help generate 9 new jobs and retain 18 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Negley OH, you ought to talk with a local Negley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Negley businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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