Youngstown, Ohio Bank Lends Money to Personal Services Company in Austintown, Ohio
Get SBA loans from a Youngstown, Ohio bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.
Home Savings & Loan Co - Youn is a Youngstown, Ohio small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Ohio company.
SBA Loan Borrower
COMPANY TYPE: PERSONAL SERVICES
AUSTINTOWN, OH 44515
SBA Loan Lender
HOME SAVINGS & LOAN CO - YOUN
275 FEDERAL PLAZA WEST
YOUNGSTOWN, OH 44503
This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812990 - Personal Services
Loan Approval Date
2/23/2007
Loan Approval Gross Amount
$225,000
Loan Approval from the SBA
Of the total $225,000 loan amount, the SBA guaranteed $168,750.
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 13 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We can help you find the best banks for small businesses in Austintown 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.
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