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May 1, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Lorain, Business Loans > The Lorain National Bank Lorain Business Loans > Fish And Seafoods Loan | ||||
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How Do We Get a Business Loan in Vermilion, Ohio?
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Raising Money for Fish and Seafood WholesalersLooking for business loans for fish and seafood wholesalers? An SBA loan may be just what you've been looking for. This $16,000 fish and seafood wholesalers loan was issued by an Ohio bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Vermilion, Ohio was able to borrow $16,000 from The Lorain National Bank. The SBA made the loan possible by guaranteeing $8,000 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: FISH AND SEAFOODS SBA Loan Lender THE LORAIN NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 5146 - Fish and Seafoods NAICS Code 422460 - Fish and Seafood Wholesalers Loan Approval Date 8/29/2000 Loan Approval Gross Amount $16,000 Loan Approval from the SBA Of the total $16,000 loan amount, the SBA guaranteed $8,000. 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan If you need money to start business in Vermilion OH, you ought to talk with a local Vermilion SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Vermilion businesses. We can help you find the best banks for small businesses in Vermilion or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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:
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