Business Loan from United Midwest Savings Bank Given to Meat Processed From Carcasses Company

United Midwest Savings Bank has a track record as a leading provider of SBA loans. Find out how this Massachusetts entrepreneur received an SBA loan from them.

Getting a small business loan in Boston, Massachusetts was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from United Midwest Savings Bank, operating out of Bellefontaine, Ohio. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT PROCESSED FROM CARCASSES
BOSTON, MA 02118

SBA Loan Lender

UNITED MIDWEST SAVINGS BANK
2281 S MAIN ST
BELLEFONTAINE, OH 43311

This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311612 - Meat Processed from Carcasses

Loan Approval Date

3/14/2005

Loan Approval Gross Amount

$1,375,000

Loan Approval from the SBA

Of the total $1,375,000 loan amount, the SBA guaranteed $1,031,250.

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 20 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Boston 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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SBA Approved Banks in Bellefontaine, Ohio

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