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May 3, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > De Graff, Business Loans > United Midwest Savings Bank De Graff Business Loans > Electrical Work Loan | ||||
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Ohio Bank SBA Loans
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De Graff, Ohio Lender Lends Money to Electrical Work CompanyThinking about meeting with a De Graff, Ohio bank about a business loan? Here's one Arizona business loan, issued by a De Graff bank, that was approved by the SBA. Applying for an SBA loan with United Midwest Savings Bank worked out well for our friends at one local business in Phoenix, Arizona. They received an SBA loan for $235,000. Way to go! SBA Loan Borrower COMPANY TYPE: ELECTRICAL WORK SBA Loan Lender UNITED MIDWEST SAVINGS BANK This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1731 - Electrical Work NAICS Code 235310 - Electrical Contractors Loan Approval Date 3/17/2005 Loan Approval Gross Amount $235,000 Loan Approval from the SBA Of the total $235,000 loan amount, the SBA guaranteed $176,250. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Small Bank Loans in De Graff, Ohio
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