Get an SBA Loan for Horse and Equine Production

Looking for small business loans for horse and equine production? The SBA may be the answer. This $336,000 horse and equine production loan was issued by an Ohio bank.

Getting a small business loan in Chardon, Ohio was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Middlefield Bank Co, operating out of Middlefield, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: HORSE AND EQUINE PRODUCTION
CHARDON, OH 44024

SBA Loan Lender

MIDDLEFIELD BANK CO
15985 E HIGH ST
MIDDLEFIELD, OH 44062

This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112920 - Horse and Equine Production

Loan Approval Date

7/25/2003

Loan Approval Gross Amount

$336,000

Loan Approval from the SBA

Of the total $336,000 loan amount, the SBA guaranteed $252,000.

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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

This SBA loan was for $336,000. How would you spend $336,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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