Fairfield National Bank A Division SBA Loan to Electric And Other Services Combined Company

Looking to get an Ohio small business loan? Here's one Ohio business loan that was approved by the SBA.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Fairfield National Bank A Division, out of Lancaster, Ohio. The loan was granted and they received $110,000 to help grow their Canal Winchester, Ohio business.

SBA Loan Borrower

COMPANY TYPE: ELECTRIC AND OTHER SERVICES COMBINED
CANAL WINCHESTER, OH 43110

SBA Loan Lender

FAIRFIELD NATIONAL BANK A DIVISION
143 W MAIN ST
LANCASTER, OH 43130

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

4931 - Electric and Other Services Combined

Loan Approval Date

9/28/2000

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The loan application did not indicate that the company planned to use the funding 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.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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:

Famous Venture Capitalists

Best Banks for Small Business in Lancaster, Ohio

Where to Get an SBA Loan Ohio