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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Medina, Business Loans > Western Reserve Bank Medina Business Loans > Beauty Shops Loan | ||||
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SBA Lenders in Brunswick, Ohio
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Brunswick, Ohio Business Gets SBA-Guaranteed Funding from Western Reserve BankAn SBA loan from Western Reserve Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Brunswick, Ohio business owner got a $93,550 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brunswick, Ohio was able to borrow $93,550 from Western Reserve Bank. The SBA made the loan possible by guaranteeing $79,517 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender WESTERN RESERVE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 10/4/2001 Loan Approval Gross Amount $93,550 Loan Approval from the SBA Of the total $93,550 loan amount, the SBA guaranteed $79,517. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 30 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Obtaining Funding From a Venture Capitalist Find an SBA Lender in Medina, Ohio
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