Loan Census Banking News and Information
May 13, 2024  
 
 
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Cincinnati, Ohio SBA Banks

 

 
Loan Census SBA Loan Info

Cincinnati, Ohio Bank Gives SBA Loan to Bowling Centers Company

Thinking about meeting with a Cincinnati, Ohio bank about a small business loan? Here's one Florida 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 business in Saint Augustine, Florida. They received an SBA loan for $847,200. Nice!

SBA Loan Borrower

COMPANY TYPE: BOWLING CENTERS
SAINT AUGUSTINE, FL 32080

SBA Loan Lender

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

This lender provides SBA small 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

713950 - Bowling Centers

Loan Approval Date

11/3/2000

Loan Approval Gross Amount

$847,200

Loan Approval from the SBA

Of the total $847,200 loan amount, the SBA guaranteed $635,400.

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 58 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 56 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like U.S. Bank National Association are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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