The Lorain National Bank Gives Business Loan to Health Practitioners Company

OhioBank loans are available to Ohio firms through the SBA. In this case, an Ohio bank provides the loan.

Getting a small business loan in Amherst, Ohio was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Lorain National Bank. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: HEALTH PRACTITIONERS
AMHERST, OH 44001

SBA Loan Lender

THE LORAIN NATIONAL BANK
457 BROADWAY
LORAIN, OH 44052

This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621399 - Health Practitioners

Loan Approval Date

6/21/2007

Loan Approval Gross Amount

$116,400

Loan Approval from the SBA

Of the total $116,400 loan amount, the SBA guaranteed $58,200.

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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $116,400 loan. Remember, fight for what you want, and it will be yours!

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:

Getting a Small Business Loan

Best Banks for Small Business in Lorain, Ohio

SBA Lenders in Ohio