How to Get a Loan for Boat Building

With these SBA loans for boat building, the SBA guarantees the lender that the loan will be repaid. This boat building loan for $800,000 was given to an Ohio entrepreneur in 2006.

This small business knew how to go about getting a business bank loan. Based in Bucyrus, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was United Bank, based in Bucyrus, Ohio.

SBA Loan Borrower

COMPANY TYPE: BOAT BUILDING
BUCYRUS, OH 44820

SBA Loan Lender

UNITED BANK
401 S SANDUSKY AVE
BUCYRUS, OH 44820

This small business 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

336612 - Boat Building

Loan Approval Date

12/12/2006

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

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 60 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $800,000 loan. Remember, anyone can do it... so why not 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.

Related Links:

Obtaining Funding - How to Borrow Money

SBA 7A Lenders in Bucyrus, Ohio

Getting an SBA Loan in Ohio