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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Florence, Business Loans > Fifth Third Bank Florence Business Loans > Computers, Peripherals, And Software Loan | ||||
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Kentucky Bank SBA Loans
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Fifth Third Bank SBA Loan to Computers, Peripherals, And Software CompanyLooking to get an Ohio business loan? Here's one Ohio business loan that was approved by the SBA. This growing firm needed an SBA business loan in Cincinnati, Ohio back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Fifth Third Bank, operating out of Florence, Kentucky. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: COMPUTERS, PERIPHERALS, AND SOFTWARE SBA Loan Lender FIFTH THIRD BANK This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 5045 - Computers, Peripherals, and Software Loan Approval Date 9/26/2000 Loan Approval Gross Amount $27,000 Loan Approval from the SBA Of the total $27,000 loan amount, the SBA guaranteed $13,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Advice on Getting a Small Business Loan Best Florence, Kentucky Banks for Small Business
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