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May 13, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Grove City, Business Loans > Heartland Bank Grove City Business Loans > Drinking Places Loan | ||||
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Business Loan from Heartland Bank
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Heartland Bank SBA Loan to Drinking Places CompanyAn SBA loan from Heartland Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Newark, Ohio business owner got a $375,000 loan. Getting a small business loan in Newark, Ohio was an essential business goal for this firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Heartland Bank, operating out of Grove City, Ohio. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender HEARTLAND BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5813 - Drinking Places NAICS Code 722410 - Drinking Places Loan Approval Date 9/10/2001 Loan Approval Gross Amount $375,000 Loan Approval from the SBA Of the total $375,000 loan amount, the SBA guaranteed $281,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 125 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 $375,000 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: The Friends and Family Network Find an SBA Lender in Grove City, Ohio
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