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January 23, 2025 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Mortgage And Nonmortgage Loan Brokers Loan | ||||
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How to Get a Loan for Mortgage and Nonmortgage Loan BrokersLooking for business loans for mortgage and nonmortgage loan brokers? The SBA may be the answer. This $199,700 mortgage and nonmortgage loan brokers loan was issued by an Ohio bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brighton, Michigan was able to borrow $199,700 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $149,775 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: MORTGAGE AND NONMORTGAGE LOAN BROKERS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 12/20/2002 Loan Approval Gross Amount $199,700 Loan Approval from the SBA Of the total $199,700 loan amount, the SBA guaranteed $149,775. 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 18 employees. The SBA loan application for the borrower indicated that the loan would help retain 18 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $199,700. How would you spend $199,700 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Browse All Business Loan Sources for Ohio
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