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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Cincinnati, Business Loans > Fifth Third Bank Cincinnati Business Loans > Oreck Of Dayton Loan | ||||
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Small Business Banks for Centerville Businesses
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Borrow Money to Buy an Oreck Floor Care Center FranchiseBorrowing money to purchase an Oreck Floor Care Center franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Centerville, Ohio needed money to invest in an Oreck Floor Care Center franchise back in 2003. Fifth Third Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower ORECK OF DAYTON SBA Loan Lender FIFTH THIRD BANK This SBA 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. SIC Code 5722 - Household Appliance Stores NAICS Code 443111 - Household Appliance Stores Loan Approval Date 11/18/2003 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Oreck Floor Care Center franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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. Related Links: SBA 7A Lenders in Cincinnati, Ohio
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