Entrepreneur Works With Centerville, Ohio Bank to Get an SBA Loan

Want to talk with a Centerville, Ohio bank about an SBA loan? Here's one Ohio business loan, issued by a Centerville bank, that was approved by the SBA.

Applying for an SBA loan with Oak Hill Banks worked out well for our friends at one local business in Centerville, Ohio. The business was able to get an SBA loan for $150,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
CENTERVILLE, OH 45458

SBA Loan Lender

OAK HILL BANKS
584 MIAMISBURG-CENTERVILLE RD
CENTERVILLE, OH 45459

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

2/2/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

Where to Get an SBA Loan in Centerville, Ohio

Ohio SBA Banks

Ohio Bank SBA Loans

Entrepreneur Works With Centerville, Ohio Bank to Get an SBA Loan