Local Business Gets an Ohio Bank Loan
OhioBusiness loans are available to Ohio business owners through the SBA. In this case, an Ohio bank provides the loan.
You can learn something about getting a small business loan in Austintown, Ohio by studying this loan to a local business, made back in 2002. Banks like The Huntington National Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
AUSTINTOWN, OH 44505
SBA Loan Lender
THE HUNTINGTON NATIONAL BANK
108 MAIN AVE SW
WARREN, OH 44482
This SBA business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
5/3/2002
Loan Approval Gross Amount
$319,500
Loan Approval from the SBA
Of the total $319,500 loan amount, the SBA guaranteed $239,625.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Huntington National Bank 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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